Blogs

For the quarter to March 2024 (Q1-2024), the US Bureau of Economic Analysis (BEA) has published the first estimate of first quarter growth for 2024. The GDP growth rate at 1.6% is sharply lower than the previous 2 quarters. Of course, this is only the first advance estimate and will undergo further changes in the second and the final estimate. This is also sharply lower than the Atlanta Fed GDP estimate which had pegged the GDP growth for the first quarter between 2.6% and 2.8%. It would, therefore be interesting to see what were the factors that actually pushed the Q1 GDP to 1.6%.

26 Apr 2024|09:13 AM

In the table above, we have selected a cross section of 10 funds that represent healthcare funds as a proxy, although these are active funds while the Tata Nifty Midsmall Healthcare Index Fund is a passive fund. However, the risk profile is approximately the same. These comparisons are purely for the purpose of understanding. We have considered a total of 10 funds with a healthcare portfolio. Here are highlights of the performance of these funds.

26 Apr 2024|09:13 AM

The week, startups raised $260 Million led by GPS Renewables, Sharechat, Altum Credo, Ecozen, ProcMart, Ring, Uniqus

25 Apr 2024|02:03 PM

Bulk of the fresh flows into stocks in March 2024 were led by the mainboard IPOs.

22 Apr 2024|12:03 PM

While MF were net sellers in debt, there were some smart equity accumulation stories too.

22 Apr 2024|09:42 AM

FPIs were net sellers of $2.23 Billion this week, as the global geopolitical situation deteriorated.

22 Apr 2024|09:40 AM

The week saw the markets gradually shifting towards just one rate cut expectation for 2024.

22 Apr 2024|09:38 AM

The message for the week was that rate cuts are ruled out for the time being.

22 Apr 2024|09:36 AM

The spike in oil prices is positive for oil extractors as it results in better realization per barrel. In recent times, that is limited due to the windfall tax on oil. Oil refines also tend to gain from higher oil prices as it generally improves the gross refining margins (GRMs) and also leads to higher valuation of inventory. There are two sectors that take a hit. Oil marketing companies (OMCs) would typically see their marketing margins come down, more so in the Indian context where the effort is to ensure that petrol and diesel are available at reasonable costs. ik

22 Apr 2024|09:23 AM

The week saw the oil & gas index closing 33 bps lower as the windfall tax only had a limited impact on the sector. Indian oil companies in the upstream segment gain from higher oil prices as it boosts realization per barrel, improves GRMs and leads to inventory translation at higher levels. There are concerns over oil price volatility in the Brent markets but what should favour oil stocks is that oil prices look all set to remain robust for some time now. The oil prices are not expected to pose a problem as the OPEC is likely to boost supplies of crude oil at higher levels.

22 Apr 2024|07:04 AM