MEMBER'S LOGINX
| Invalid Username / Password | ||||||||
| Invalid Captcha | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
India's Third Giant Leap
This Could be One of the Biggest Opportunities for Investors
- Home
- Todays Market
- Indian Stock Market News May 6, 2019
Sensex Trades Volatile, Economy Slowing Down, and Top Stocks in Action Mon, 6 May Pre-Open
On Friday, the Indian share markets settled in the negative territory amid a short but volatile week.
The BSE Sensex fell 18 points to settle at 38,963. TCS emerged as the top loser on the index with over 4% loss while Bharti Airtel ended as the biggest gainer.
The Nifty50 index settled at 11,712, down 13 points.
Among BSE sectoral indices, IT stocks fell the most by 1.9%, followed by FMCG stocks at 1%. HUL and TCS were among the top gainers.
Top Stocks in Action Today
Auto stocks will likely be in focus today major automobile producers reported a decline in sales numbers for the month.
Aviation stocks will also be in focus today as the aviation sector is witnessing a slowdown.
As per the credit rating agency ICRA, air traffic growth hit 5-year low in last financial year (FY19) at 11.6%, pulled down by low growth of 3.9% in the March quarter as against a healthy 14.9% in the first three quarters.
| --- Advertisement --- Here's How One Stock Gave its Investors 1,99,014% Returns If one had invested just Rs 1,000 in Symphony Ltd. in 2001, he would have made Rs 20 lacs by now. What's interesting is the fact that this company earlier filed for bankruptcy in 2001-2002. But its able management made a significant turnaround and in that process made their long-term investors holy rich. Successful turnarounds are rare but Richa seems to have found one. While no one can guarantee returns on any stock, she strongly feels this recently recommended stock has a long way to go from here. Just in 5 years, this company's net losses have turned into double digit net profit margins. And that's just the beginning. If you're someone who can look beyond the history and want to spot the rare plays then… This could potentially become your once-in-a-decade opportunity to make money. ------------------------------ |
Cargo traffic growth also moderated in the year to 6%, as against double-digits growth witnessed over the past two years.
India's Economy Slowing Down
The Finance Ministry in its monthly economic report for March has said that Indian economy slowed down slightly in the FY19, though it is still fastest growing major economy.
The proximate factors responsible for this slowdown include declining growth of private consumption, tepid increase in fixed investment, and muted exports. It further said that there is slowdown of growth in agriculture and sustained growth in industry as well as some challenges.
The Ministry said, the consumer and wholesale price indices declined in FY19, though inflation has firmed up slightly in recent months.
The current account deficit, as percentage of the GDP, improved in Q3 and is set to further improve in Q4 of FY19 as the dip in imports has improved the merchandise trade deficit.
In line with declining real GDP growth, private consumption in Q4 of FY19 has also declined as reflected in the drop of growth of two-wheeler sales towards the end of the year.
On the external front, the report said that the current account deficit as ratio to GDP is set to fall in Q4 of FY19, which will limit the leakage of growth impulse from the economy.
The monthly report said the fiscal deficit of the Central government has been gliding down to the FRBM target. Monetary policy has attempted to provide a fillip to the growth impulse through cuts in repo rate and easing of bank liquidity.
The room for this monetary easing has been created by low inflation in FY19, although it has started to inch up in last few months of the year.
The real effective exchange rate has appreciated in Q4 of FY19 and could pose challenges to the revival of exports in the near future. Increase in foreign exchange reserves in Q4 of 2018-19 on account of improvement in trade balance has increased the import cover for the economy.
It also pointed out that while Gross Fiscal Deficit of the Centre has steadily declined in last few years, capital expenditure has been volatile.
One way of gauging the government's financial health is by looking at the fiscal deficit as a percentage of GDP.
It has been in line with the government's stated aim of bringing the fiscal deficit down. Now, how this pans out going forward remains to be seen.
For information on how to pick stocks that have the potential to deliver big returns, download our special report now!
Read the latest Market Commentary
Indian Share Market Update: Top Gainers and Losers
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Multibagger Penny Stocks
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Best Small-cap Stocks to Buy
- Best Bluechip Stocks to Buy
- Guide to Penny Stocks
- How to Invest in the Share Market
- Warren Buffett - The Value Investor
- Pick the Best Multibagger Stocks
TRENDING TOPICS
Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407
Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com
LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
Equitymaster requests your view! Post a comment on "Sensex Trades Volatile, Economy Slowing Down, and Top Stocks in Action". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!