US Stock Reports, Quotes and News
Aditya Sood of InCred Asset Management anticipates high market valuation with strong earnings growth in Nifty50 companies. India\’s stock market premium valuations are supported by superior ROE and high growth potential over the next decade. Sood says: \”The market return is going to be a function of earnings growth rather than multiple expansion.\”
Rohit Agarwal, Senior Fund Manager at Kotak Mahindra Life Insurance, analyzes the Indian IT sector\’s average position and predicts a 6-7% growth for largecap Indian IT companies. Current valuations anticipate this growth, with considerations for interest rate reductions in the US and economic recovery. Agarwal says: \”Some of the pockets that we believe are still good are the BFSI space and the manufacturing space.\”
So, it does not matter to me whether the company has had a profitability track record for the last two-three years or not, provided I have a visibility for the future.
The market capitalisation of all BSE-listed stocks on that day 10 years ago was just Rs 81 lakh crore and has now jumped multi-fold to an all-time peak of Rs 400 lakh crore, making India the fifth largest stock market in the world.
Equity markets BSE and NSE will remain closed for trading on Thursday on the account of Eid-Ul-Fitr (Ramzan Id). India\’s largest agri commodity exchange NCDEX will also be shut tomorrow, while MCX will be closed for the first session between 9 am and 5 pm and resume trading after 5 pm.
Equity benchmarks in Hong Kong and Australia edged higher, while mainland Chinese shares were slightly down at the open. Japanese…