There is a disproportionate spotlight on developments overseas in the recent past, mainly in the light of the US elections. While we acknowledge some linkages, the primacy of local fundamentals in determining the direction of the markets cannot be stated enough. The most reasonable thing for investors to do is to focus on the good […]
Month: November 2020
Need pick-up in consumer demand and investment expenditure to believe things have turned around
Joseph Thomas, Head of Research at Emkay Wealth Management, feels the Q2FY21 earnings season has been a positive surprise for the markets, especially given the fact that the economy is coming out of a severe pandemic-led lockdown. “While the topline numbers may not look too encouraging, the EBITDA numbers reflect a different picture. The expected suppression […]
High Food Inflation Keeps Headline CPI Elevated
The CPI-based inflation maintained its upward momentum and surged further ahead; headline CPI inflation was reported at 7.61% for the month of Oct’20 as compared to 7.27% for the preceding month and 4.62% during the year ago period. The inflation numbers remained above the 7% mark for the second consecutive month. The elevated levels of […]
IIP: Back in Expansionary Zone
The IIP numbers reported expansion in industrial activity after witnessing contraction for six consecutive months. The IIP growth for the month of Sep’20 was reported at 0.2% as compared to -7.4% in the preceding month and 57.3% in the month of Apr’20. The growth number was healthy not only on a sequential basis but also […]
