Kotak Institutional Equities overweight on Tata Motors

Sanjeev Prasad of Kotak Institutional Equities feels India's macro story looks weak over the next few quarters, but valuations have turned reasonable across most sectors and stocks.

Sanjeev Prasad of Kotak Institutional Equities feels the government can meet its divestment and fiscal targets for FY14 through enhanced dividends from PSUs. It can later divest them after improving their financials through a better policy framework

Sanjeev Prasad, ED Co Head, Kotak Institutional Equities told CNBC-TV18 that the steps in Budget were necessary, but not sufficient.

Key equity benchmarks plunged 2 percent Monday, the biggest single day fall in more than a year, with brokers attributing the crash to profit taking after the recent run up. Signs of a recovery in the US economy also made investors jittery as they ...

International News: MUMBAI: The Indian equity index sensex fell more than 2 per cent on Monday and the Nifty retreated from a near 2-1/2 year high. ITC slumped on profit-taking, while technology stocks such as Tata Consultancy fell on continued ...

Key equity benchmarks recovered in late afternoon trade, ahead of March expiry but continue to trade volatile. At 15.14 pm, the Sensex is up 151.17 points or 0.81 percent at 18855.70, and the Nifty up 45.05 points or 0.80 percent at 5686.65.

As the first set of companies have reported their Mar­ch quarter earnings, the worst fears of investors seem to be coming true. With the exception of some obvious outliers (HCL, TCS, HDFC Bank to name three), most companies have disappointed the ...

Convertible debt sales in India have halted, as investors shun the notes in Asia's worst-performing stock market, with defaults extending 2012's record. Issuance of bonds that can be exchanged for shares was zero in 2013, compared with $600 million ...

Business World News: Singapore: The second government bond auction of fiscal 2013-14 for Rs15,000 crore held on April 12 saw bids amounting to over Rs 65,000 crore as banks rushed to fill their books. The Rs 15,000 crore bond auction held on April 5 ...