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Economic Times | 22 Nov, 2019 | 09.24PM IST

ETMGS: Go local to realise $5 trillion economy, say experts

Catch all updates from ETMarkets Global Summit 2019.

!1 New UpdateClick here for latest updates
11:44 AM

Mobius on US-China trade war

Trade war between the US and China is not going to end soon. If there are restrictions on US investments in China, India could be logical place to be in
11:43 AM

In all coastal cities of India, there should be large special economic zones. This model has been very successful in Korea, Japan and other countries

- Mark Mobius

11:42 AM

India plays a big role in MSCI EM index, but China overwhelms. If India could privatise more companies, the weight of India in MSCI and S&P will go up. We would love to see privatisation of big banks

- Mark Mobius

11:41 AM

Mark Mobius at ETMGS

This is a good time for India to raise money from international market as debt is low
11:40 AM

High fiscal deficit not a roadblock for India. US in much worse shape. India in many ways is underinvested

- Mark Mobius

11:37 AM

Good companies at high price -- it’s not always true. You will always find firms with good management that are not recognised

- Mark Mobius

11:36 AM

Mobius on Indian economy

India on the cusp of a big breakthrough in terms of growth. It has the economic size to grow much faster
11:35 AM

The difference between managing funds for Templeton and my own is that we are now more focussed on a small segment. Try to focus on what is easily more verifiable. Cash dividend are verifiable. Earnings are not

- Mark Mobius

11:33 AM

Here is how SMC Global expects commodities to trade today

Crude oil can move towards Rs 4,280 while taking support near Rs 4,120. Natural gas can open on a positive note testing Rs 188 while taking support near Rs 182. Gold may remain in the wider range of Rs 37,700-38,240 and silver can test Rs 44,300 while facing resistance near Rs 45,100.
11:32 AM

Mobius at ETMGS

Corporate governance is the most disappointing thing, not just in India and outside. Don’t just talk to the financial manager. Talk to the people behind the company
Mobius at ETMGS
11:31 AM

For the next 5 years, change in consumer behaviour will be a big key. Youngs instead of going to theatre are watching Netflix

- Mark Mobius

11:30 AM

If companies continue to have good governance, I can’t see why the stock prices can’t move up. It is difficult to hide bad governance

- Mark Mobius, Fund manager and Founder, Mobius Capital Partners

11:25 AM

Worry of a D-Street investor: Economy needs quick fix, govt thinking long term

BSE benchmark Sensex is at an all-time high, but at the ground level, retail investors have lost their fortunes. The index is deceptive, and it does not indicate the true picture of the market and the economy. I am worried, like other small investors on Dalal Street, about the ongoing economic slowdown.
11:15 AM

Cement stocks mixed; Burnpur Cement tumbles 5%

Shares of Andhra Cements (up 4.05 per cent), Udaipur Cement Works Ltd (up 2.84 per cent), Dalmia Bharat (up 2.13 per cent), APCL (up 1.50 per cent) and NCL Industries (up 1.29 per cent) were among the top gainers.
11:14 AM

Going forward it will be difficult for India to attain 10% GDP growth, as base is getting bigger. A lot of reforms have confused people, but by next year things should be okay

- Mark Mobius

11:12 AM

I am shopping in India and China. India has surpassed China in allocation. I want to buy stocks that are really bombed out such as NBFCs and infra

- Mark Mobius

11:11 AM

ETFs now overtaking actively managed funds. Rise in information makes people most confused. Investors need to focus on key elements such as dividend rising or not, capital high or low

- Mark Mobius

11:08 AM

Superior dividend yields are the reason emerging markets are the place to be. Value investing is not dead. It is alive and kicking

- Mark Mobius

11:07 AM

PSU bank shares advance; PNB gains 2%

Shares of PSU banks were trading with gains in Friday's morning session. Shares of Punjab National Bank (up 1.66 per cent) , Canara Bank (up 1.15 per cent) , Bank of Baroda (up 1.01 per cent) and Bank of India (up 0.62 per cent) were the top performers in the index. Oriental Bank of Commerce (up 0.60 per cent) , Union Bank of India (up 0.35 per cent) and State Bank of India (up 0.06 per cent) too were trading higher. The Nifty PSU Bank index was trading 0.67 per cent up at 2581.85 around 11:02 am.
11:04 AM

Looking at financial history of a company is not enough. In today's business environment, looking at future prospects is important too

- Mark Mobius

11:02 AM

Sugar stocks plummet; Rana Sugars slides 5%

Shares of Rana Sugars (down 5.00 per cent), Kesar Enterprise (down 4.24 per cent), Gayatri Sugars (down 3.53 per cent), Balrampur Chini Mills (down 2.95 per cent), EID Parry (down 1.78 per cent), Bannari Amman Sugars (down 1.67 per cent) and Avadh Sugar (down 1.57 per cent) were among the top losers.
11:01 AM

Dividend is often a good parameter, because a company can't keep paying dividends if the return on capital is not robust enough

- Mark Mobius, Fund manager and Founder, Mobius Capital Partners

10:59 AM

Mobius at ETMGS

When all valuation ratios go haywire, look at the people behind the company to discover value. The task is to find out how much a company can earn in relation to its assets
Mobius at ETMGS
10:58 AM

Metal shares shine; JSPL rises 2%

Metal shares were trading with gains in Friday's morning session. Shares of Jindal Steel & Power (up 1.76 per cent) , Hindustan Copper (up 1.54 per cent) , Vedanta (up 0.97 per cent) and Tata Steel (up 0.88 per cent) were trading with gains. Steel Authority of India (SAIL) (up 0.69 per cent) , National Aluminium Company (up 0.61 per cent) , MOIL (up 0.56 per cent) and APL Apollo Tubes (up 0.54 per cent) too were trading higher. The Nifty Metal index was trading 0.37 per cent up at 2479.50 around 10:52 am.
10:57 AM

Another aspect of value investing is earnings. How price moves in respect to earnings. The most overlooked aspect, which is important is, who is behind the company. We need to focus more on people behind the company

- Mark Mobius, Fund manager and Founder, Mobius Capital Partners

10:52 AM

I was nurtured by John Templeton. I remember someone asking Templeton what is value investing. He said buy low and sell high

- Mark Mobius

10:51 AM

One of the things I talk about India is its incredible diversity: Mark Mobius at ETMGS

One of the things I talk about India is its incredible diversity: Mark Mobius at ETMGS
10:44 AM

15 stocks hit 52-week highs on NSE

Around 15 stocks rose to touch their 52-week highs on NSE in Friday's session. Among the stocks that touched their 52-week highs were Affle, Agro Phos, Chembond Chemicals, Essel Propack, HDFC Asset Management, JM Financial, Persistent Systems, Pfizer, Polycab India and Vikas Proppant. Benchmark NSE Nifty index was trading 39.50 points down at 11,928.90 while the BSE Sensex was trading 130.43 points down at 40,444.74. Overall, 23 shares were trading in the green in Nifty50 index, while 27 were trading in the red.
10:41 AM

Elite Company

Emerging markets fund manager and founder of Mobius Capital Partners, Mark Mobius with ET NOW's Managing Editor Nikunj Dalmia at ETMGS 2019
Elite Company
10:39 AM

41 stocks hit 52-week lows on NSE

Around 41 stocks fell to touch their 52-week lows on NSE in Friday's session. Among the stocks that touched their 52-week lows were Bodal Chemicals, Deccan Cements, Hindustan Composites and International Paper APPM. Kiri, Indian Hume Pipe, MphasiS, Sharda Cropchem and Sobha also featured among the stocks that touched their 52-week lows on NSE.
10:38 AM

ETMarkets Global Summit: Get Set, Go

Stage set for third edition of ET's flagship financial markets event to kick off
ETMarkets Global Summit: Get Set, Go
10:28 AM

Airtel, Vodafone Idea fall for second day; here’s what experts say

The Cabinet on Wednesday cleared a two-year moratorium on spectrum payments, which will give immediate relief of more than Rs 42,000 crore to mobile phone companies. Vodafone Idea traded 2.71 per cent down at Rs 6.46, while Bharti Airtel was down 1.11 per cent at Rs 421. Both of these companies have been struggling with high debt and huge losses amid brutal competition with competitor Reliance Jio.
10:15 AM

Realty shares down; Prestige Estates falls 2%

Realty shares were trading with losses in Friday's morning session. Shares of Prestige Estates Projects (down 1.83 per cent ) , Brigade Enterprises (down 1.78 per cent ) , Oberoi Realty (down 1.00 per cent ) and Phoenix Mills (down 0.64 per cent ) were trading with losses. Sunteck Realty (down 0.59 per cent ) , Sobha (down 0.25 per cent ) and DLF (down 0.18 per cent ) were the top losers in the index. The Nifty Realty index was trading 0.27 per cent down at 274.7 around 10:10 am.
10:08 AM

IT shares slip; Infosys dips 3%

IT shares were trading lower in Friday's morning session. Shares of Infosys (down 2.85 per cent) , Hexaware Technologies (down 2.52 per cent) , MindTree (down 1.88 per cent) and HCL Technologies (down 1.88 per cent) were the worst performers in the index. Tech Mahindra (down 1.73 per cent) , Wipro (down 1.47 per cent) , Tata Consultancy Services (down 1.39 per cent) and NIIT Technologies (down 1.25 per cent) too were the top losers in the index. The Nifty IT index was trading 1.89 per cent down at 15004.5 around 10:01 am.
09:59 AM

HSBC sees 10% upside in Reliance Industries; should you invest?

Billionaire Mukesh Ambani's Reliance Jio on Tuesday said it will increase mobile phone call and data charges in the next few weeks in compliance with rules, as it followed similar announcements by Bharti Airtel and Vodafone Idea on tariff hike.
09:59 AM

Auto shares in the red; Eicher Motors down 1%

Auto shares were trading in the red in Friday's morning session. Shares of Eicher Motors (down 1 per cent) , Tata Motors (down 1 per cent), Amara Raja Batteries (down 0.93 per cent) and Bajaj Auto (down 0.92 per cent) were the top losers in the index. Mahindra & Mahindra (down 0.46 per cent) , Hero MotoCorp (down 0.23 per cent) , Ashok Leyland (down 0.18 per cent) and Maruti Suzuki India (down 0.13 per cent) too were trading lower. The Nifty Auto index was trading 0.19 per cent down at 7989.65 around 09:52 am.
09:51 AM

Sectoral Indices today

Among the sectoral indices on BSE, the Telecom, TECk and IT indices lost over 1 per cent in the early trade. Power, Healthcare and Metal advanced between 0.45 per cent and 1.33 per cent.
09:44 AM

Buzzing stocks: Vodafone Idea, YES Bank, ZEEL, RIL

Vodafone Idea with over 11.81 crore shares changing hands was leading among the most traded stocks on NSE on Friday. Shares of YES Bank (number of shares traded: 2.34 crore) , Dish TV India (number of shares traded: 1.06 crore) , Indiabulls Housing Finance (number of shares traded: 0.97 crore) , ZEEL (number of shares traded: 0.77 crore) , HCC (number of shares traded: 0.68 crore) , NCC (number of shares traded: 0.50 crore) , Reliance Infra (number of shares traded: 0.49 crore) , SAIL (number of shares traded: 0.48 crore) and Reliance Communications (number of shares traded: 0.47 crore) also featured among the most traded stocks on the NSE. ZEEL (Rs 263.19 crore) was leading the pack of most active stocks in value terms.
09:34 AM

UCO Bank, Corporation Bank among top losers on BSE

The domestic equity benchmark BSE Sensex was trading 25.73 points down at 40,549.44 on account of selling in frontline bluechip counters. Shares of Pazel International (down 20 per cent), Prajay Engg (down 12.73 per cent), Aarvee Denims (down 11.35 per cent), Tiaan Ayurvedic & Herbs (down 9.99 per cent), Stampede Cap (down 9.84 per cent), Garnet Constructions (down 9.66 per cent), Clarus Infra (down 8.26 per cent), Ponni Sugars (down 7.98 per cent), Gayatri Project (down 7.78 per cent), Century Extrus (down 7.75 per cent), UCO Bank (down 6.10 per cent) and Corporation Bank (down 5.61 per cent) were among the worst performers. In the Nifty pack, 20 stocks were in the green, while 30 stocks were in the red.
09:31 AM

Global bond market looks to Modi for greater access to India

While the country’s famously protective policy makers have rejected previous proposals, there are hopes they are becoming more receptive to having India’s bonds included in global benchmarks as Prime Minister Narendra Modi sets his sights on doubling the size of the economy.
09:25 AM

Network18 Media, Reliance Power among top gainers on BSE

The domestic equity benchmark BSE Sensex was trading 40.04 points down at 40,535.13 on account of selling in frontline bluechip counters. Shares of Mukand Engg (up 20.00 per cent) , Mindteck India (up 18.27 per cent) , Shervani Ind (up 16.86 per cent) , Bharat Agri Fertilizers (up 15.97 per cent) , Jeevan Scientific Technology (up 15.26 per cent) , TCI Finance (up 14.76 per cent) , Ram Info (up 14.08 per cent) , Manaksia Aluminium Company (up 11.84 per cent) , Titan Securities (up 10.74 per cent), HCC (up 10.43 per cent), Network18 Media (up 6.32 per cent) and Reliance Power (up 5 per cent) were among the top gainers. The Nifty 50 index was trading 19.25 points down at 11,949.15.
09:22 AM

OPENING BELL: Sensex, Nifty flat; DHFL, NTPC gain up to 5%, Voda Idea drops 8%.

OPENING BELL: Sensex, Nifty flat; DHFL, NTPC gain up to 5%, Voda Idea drops 8%.
09:14 AM

Rupee opens flat at 71.75 against dollar

Rupee consolidated for the whole week in a narrow range of 71.70 and 72.20 despite volatility in domestic and global equities. Weaker-than-expected IIP and inflation released at the start of the week did disturb the broader sentiment but at the same time broader weakness in the dollar kept the losses capped for the currency.
09:04 AM

Pre-open session: Sensex up over 50 points, Nifty down 30 points; Rupee opens at 71.77 against US dollar

08:37 AM

Bearish candle after Doji signals trend reversal

NSE Nifty snapped a two-day winning run on Thursday and ended up forming a bearish candle on the daily chart. This candle following an indecisive ‘Doji’ in the previous session suggests the recent rally may be coming to an end, said experts.
08:37 AM

Asian shares trade higher amid trade woes

Asian peers advanced on Friday, bouncing from a three-week low touched a day earlier, but gains were capped by persistent worries over the status of trade negotiations between China and the United States. Hang Seng, Nikkei and Shanghai were up 0.77 per cent, 0.51 per cent and 0.19 per cent in the early trade
08:36 AM

US stocks ended lower

US stocks closed lower on Thursday as investors moved to the sidelines with mixed messages and no concrete signs of progress on US-China relations. The Dow Jones index declined 55 points, or 0.20 per cent, to 27,766. The S&P500 index inched lower by 5 points, or 0.16 per cent, to 3103.54. The Nasdaq Composite index slipped 20.52 points, or 0.24 per cent, to 8,506.
08:36 AM

Oil prices inched higher

Oil prices went up on Thursday, as investors continued observing the escalating geopolitical frictions between Yemen's Houthi rebels and the Saudi-led coalition in the Middle East. The West Texas Intermediate for January delivery increased by $1.57 to settle at $58.58 a barrel on the New York Mercantile Exchange. The Brent Crude Oil for January delivery rose by $1.57 to close at $63.97 a barrel on the London ICE Futures Exchange.
08:36 AM

FIIs stood net buyers

Net-net, foreign portfolio investors (FPIs) were buyers in the capital market to the tune of Rs 5,023.54 crore on Thursday, data available with NSE suggested. On the other hand, DIIs were net sellers to the tune of Rs 247.74 crore, data suggests.
08:36 AM

Good Morning, dear reader! Here's something to kickstart your trading day

Good Morning, dear reader! Here's something to kickstart your trading day
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