Deutsche Bank expects the Sensex to climb only 8% in 2017 to 29,000, and expects high volatility. Dwindling foreign flows into the domestic market could mean lukewarm returns for investors in 2017. Deutsche Bank expects the Sensex to climb only eight per cent in 2017 to 29,000, and expects high volatility. In a conference, the brokerage's India equity strategists Abhay Laijawala and Abhishek Saraf shared their outlook for 2017. Outlook for 2017 As we look into the rest of the year, we don't see ... Rediff.com, 1 month ago
IMAGE: Novak Djokovic of Serbia works out on Ashe Stadium court with coach Boris Becker (right). Photograph: Robert Deutsch-USA TODAY Sports/Reuters. Novak Djokovic lost his momentum in the second half of last season and was toppled as the world number one by Andy Murray because his work-rate dropped, the Serbian's former coach Boris Becker said on Wednesday. Speaking a day after the two terminated their cooperation by mutual consent, German Becker said Djokovic's need to spend more time ...Rediff.com, 2 months ago
An initial public offering fromIndia's BSE Ltd, the country's second-biggest stock exchange,was well over-subscribed on the last day of the sale, helped byattractive valuations and expectations of robust growth forstocks in the coming years. The IPO, which is ...Sify, 6 days ago
By Nichola Saminather SINGAPORE (Reuters) - Ahead of U.S. President-elect Donald Trump's inauguration this week, investors in Asian assets are warily betting he won't make good on his promise to create $1 trillion of new infrastructure over the next 10 years.Sify, 1 month ago
Money managers have turned cautious about the technology space, discovers Chandan Kishore Kant.Illustration: Dominic Xavier/Rediff.com T he Rs 5 lakh crore equity mutual fund industry has raised its bets on the automobile sector, while information technology stocks seem to be losing some favour. Auto and auto ancillaries are the second biggest bets for IT companies with double-digit allocation of their total equity assets under management (AUM). Banking continues to remain the most preferred ...Rediff.com, 1 month ago
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive, say Joydeep Ghosh and Sanjay Kumar Singh. Things were set to close on a pleasant note for most asset classes in 2016. Then November 8 happened. With old Rs 500 and Rs 1,000 notes taken out of circulation, the picture changed completely for the retail investor. As we enter the last week of the calendar year, all the numbers look very different. Equity and equity mutual funds hit hard The ...Rediff.com, 1 month ago
The best possible move would be for the government to spend the funds on activities like infrastructure development or as it deems fit, says Soumya Kanti Ghosh. Around Rs 2,482-Rs 4,800 billion of money will not be converted and remain outside the banking system. To that extent, currency liability of the Reserve Bank of India (RBI) will get extinguished. While there is almost a complete unanimity of the accounting treatment in the sense that corresponding assets will also have to be ...Rediff.com, 2 months ago
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