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Quant funds are the new craze in India even as stocks keep breaking records

Quant strategies seek to reduce role of human bias. They follow data-driven approach to pick stocks, using pre-defined parameters such as momentum or valuation.
Bombay Stock Exchange

A $677 billion manager spots buy opportunity amid sell-off in Indian equities

Aberdeen Standard Investments sees short-term volatility as a chance to build positions in quality Indian companies whose share prices have shrunk.
A man stands outside the Bombay Stock Exchange building in Mumbai | Dhiraj Singh/Bloomberg

Modi govt’s tax on stock buybacks puts brakes on a great year of share repurchases

The proposed tax may affect share purchases worth Rs 10,000 crore that are in progress.

Jet Airways stock plummets by a record 34% day after operations are suspended

Jet Airways shares fell 8.1 percent to Rs 240.50 Tuesday. They declined 13 percent in 2019 after losing two-thirds of their worth in 2018.
A pedestrian walks past the Bombay Stock Exchange (BSE) building in Mumbai

India’s stocks rally amid tensions with Pakistan, but it’s not all rosy

India may have attracted more money than any other Asian market in the past month but this rally in stocks doesn't have much grounding in macroeconomic reality.
A man stands outside the Bombay Stock Exchange building in Mumbai | Dhiraj Singh/Bloomberg

India stocks advance after opinion polls predict win for Modi-led NDA

Stocks surged after two opinion polls indicate victory for Prime Minister Narendra Modi’s ruling coalition. When Modi govt first formed in 2014, Sensex rose 30%, the most since 2009.
A pedestrian walks past the Bombay Stock Exchange (BSE) building in Mumbai

India stocks rise ahead of Budget as Fed keeps rates on hold

Stocks across Asia surged after the Fed's dovish statement helped ease concern even as data suggests the world's largest economy is cooling.
Indian two thousand and five hundred rupee banknotes|: Dhiraj Singh/Bloomberg

Modi govt considers tapping overseas Indians to support rupee

Govt. has raised import tariffs while the central bank allowed companies to raise more money abroad and eased norms for foreign investment in local bonds. Mumbai: Prime Minister Narendra Modi’s government is considering tapping Indians living overseas to lure foreign exchange flows and prop up a sagging rupee, according to people with knowledge of the matter. Officials from the finance ministry and the central bank are discussing a plan to raise money from non-resident Indians, the people said asking not to be identified as the information is not public. An announcement regarding the method may come as early as this month, they said, without providing further details. India is seeking to boost flows to support its currency that has declined more than 14 percent against the dollar this year making it Asia’s worst performer. The risk of a widening current-account deficit left the rupee vulnerable to the rout in emerging markets amid...
Latest News on the Indian Economy | theprint.in

Indian markets are doing really well, but smaller firms are smarting from sell-offs

Investors are seeking safety in bigger companies amid a brewing trade conflict and elevated prices of oil. India may be Asia’s best-performing major market this year, but not everyone is rejoicing the return of the nation’s benchmark gauges into record territory. A peek under the hood of the S&P BSE Sensex gauge’s 7.3 per cent gain this year shows it’s being dominated by three stocks - Tata Consultancy Services Ltd., Reliance Industries Ltd. and HDFC Bank Ltd. A little over half of the 30 Sensex stocks are trading higher than their 200-day moving average price, down from 94 per cent in January when the gauge peaked. Gains have been lopsided as investors sought safety in the biggest stocks amid headwinds from a brewing trade conflict and elevated prices of oil, India’s top import. A sell-off in mid- and small-cap stocks - made worse by stringent margins imposed in June - has left...
Raamdeo Agrawal

Stock picker who built $2 billion empire unfazed by India polls

In veteran stock picker Raamdeo Agrawal's view it doesn’t even matter who becomes the country’s next Prime Minister because the economy will grow anyway. India’s stocks are falling. Investors are worried about upcoming elections. But Raamdeo Agrawal has a message for them: forget about all that noise. It’s the economy, stupid, says Agrawal, who built Motilal Oswal Financial Services Ltd. into a $2.3 billion firm. In the veteran stock picker’s view, it doesn’t even matter who becomes the country’s next leader, because the economy will grow anyway. And that means, quite simply, that India’s equities are a buy. “Whatever you do to the economy, growth doesn’t dip below 5.5 to 6 percent,” Agrawal said in an interview in Mumbai. “A recession in this country means 5.5 to 6 percent growth.” India’s benchmark equity gauge has slid 6 percent from a record in January as the global selloff hit sentiment already weakened by the government’s...

On Camera

Animals have come home. Covid-19 lockdown gives control back into nature’s hands

With people in India and elsewhere locked down in homes due to the coronavirus, the peaceful reclamation of public spaces by animals is teaching us important lessons.

Modi’s 9-min candle plan Sunday: Needless spectacle or much-needed motivation for Indians?

PM Modi requested Indians to light candles, lamps or mobile torches at 9 pm Sunday for nine minutes in a show of solidarity in the fight against Covid-19.

Defence

Army personnel distribute packaged food to the homeless in Chennai on 31 March 2020 | PTI

In a first, Army deploys medical team at civil coronavirus quarantine camp in Delhi

The Indian Army has so far only been operating out of quarantine camps set up by the armed service for coronavirus patients.

Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less

Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.