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India has outperformed significantly, earnings resilient: Gautam Duggad
Gautam Duggad, Head of research-Institutional Equities at Motilal Oswal Financial Services, tells CNBC-TV18 that despite many headwinds, India has outperformed other markets significantly on the back of resilient earnings. "The diamond decade is very amply reflected in the presentations that various CEOs have made," he says.
"The mood is quite buoyant, whether it is on consumption or financials... So far so good," he adds.
Market At Close | Sensex and Nifty50 rise for second straight session
Here are some highlights:
--Financial stocks continue to support headline indices
--ICICI Bank, HDFC and HDFC Bank top gainers
--Pharma stocks see buying — 3 top 5 Nifty gainers pharma stocks
--Apollo, Cipla and Sun Pharma top Nifty gainers
--Nestle, Shree Cement and Grasim top Nifty losers
--Can Fin Homes continues to fall after CEO's resignation — down 11 percent in 2 days
--Granules, India Cements, Delta Corp, GMR and PVR top midcap losers
--Market breadth favours the bulls — advance-decline ratio at 2:1
RBI is likely to take a 50 bps rate hike in its next meeting: Hitendra Dave of HSBC India
Hitendra Dave, HSBC India said, "India's reserves in September 2021 were at $650 billion, and forward book estimate at $40 billion." Dave said, expect significant volatility in case the fed hikes rates by 100 bps.
CNBC-TV18 Exclusive | Huge demand across our models, says M&M's Anish Shah
In an exclusive interaction with CNBC-TV18, Anish Shah of M&M says the company is partnering with large marquee investors to grow Mahindra Susten. He also says M&M is seeing huge demand across its range of models. The government has taken many proactive steps to provide stability in raw material prices, he says.
Geojit rolls out MSCI indices-based equity baskets
Investment Services Company, Geojit Financial Services has launched two unique equity indexes based on the custom indexes created by MSCI. These curated model portfolio baskets are: Select, which is based on MSCI India Domestic IMI Select sub industries index; and LMS, which is based on MSCI lndia Domestic IMI Select 30 index.