A Dalal Street veteran last week best articulated the stock investor's dilemma in a market starved of earnings growth. He said today when you buy a HUL, you buy it at 43 times March 2021 EPS. It is fairly valued on the March 2021 numbers. "So what do I do? Do I wait for two years and then start making money on the stock?
STREET PULSE: Where we stand Asian shares edged ahead this morning amid cheery chatter about the chance of a Sino-US trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit.
Here's what to watch...  | SGX Nifty traded nearly 20 points down at 7 am (IST), signalling weakness ahead on Dalal Street. MSCI index for Asia-Pacific shares outside Japan added a slight 0.13%. South Korean Kospi rose 0.4%, while E-Mini futures for the S&P500 were little changed. Nikkei futures traded flat. |
| US stocks soared after Trump and China agreed on a trade deal. Dow rose 242 points to 26,816, while the S&P500 advanced 0.6%, and the Nasdaq 0.9% |
Oil prices steadied a little, supported by signs of progress in talks on resolving the US-China trade dispute. Brent crude futures rose 14 cents to $59.10 a barrel while WTI crude futures advanced 18 cents to $53.49.
Read More | LOOK WHO'S |  |
Saffron Sweep… Exit polls have predicted a resounding victory for the BJP in the Maharashtra and Haryana assembly elections. Most polls have given nearly three-fourths majority to the ruling BJP-Shiv Sena combine in Maharashtra, and a similar margin to it in Haryana. In Maharashtra, the BJP-Shiv Sena is projected to win 180 to 243 seats, comfortably above the halfway mark of 144, while in Haryana, most polls gave the BJP more than 70 seats in a House of 90.
Read more Realty rescue... With banks and NBFCs turning their back on real estate, private equity funds are coming to the rescue of the cash-starved sector. On the backdrop of the liquidity squeeze, private equity funds have invested $3.8 billion in Indian real estate in the first nine months of the calendar year, 19% higher than the $3.2 billion invested during the same period a year ago.
Read more India Opportunity... JP Morgan global CEO Jamie Dimon says the time is ripe for India to grab a chunk of global trade and strengthen its manufacturing industry as the US and China trade war intensifies, threatening the three-decade-old global economic order. But investments would be conditional on accompanying reforms. India can get back to 7-8% economic growth if it continues to 'attack' the potential bottlenecks, he said.
Read more | WHO'S |  |
Infy Jolt… Infosys saw its ADRs on New York Stock Exchange sink by over 12 per cent on Tuesday, after the revelation that a group describing itself as 'whistle-blower staffers' had accused the management of hiding the true financial picture. Indian market was closed on Monday due to state elections. Brokerages expect the stock to see similar selling pressure on Tuesday.
Read more Divorce Deal... British Prime Minister Boris Johnson was dealt another blow on Monday when Parliament Speaker denied him a second shot at winning MPs' approval for his EU divorce deal, with Brexit looming in just 10 days' time. He will try again today to get the first stage of a withdrawal bill through Parliament.
Read more Meanwhile...US President Donald Trump on Monday sounded upbeat about the possibility of the Phase 1 of a China trade deal at the November APEC summit, but Commerce Secretary Wilbur Ross said an initial trade deal doesn't need to be finalised next month, emphasizing the need to get the right deal. White House adviser Larry Kudlow said tariffs on Chinese goods scheduled for December could be withdrawn if talks go well.
Read more 
No comments:
Post a Comment