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The index provides real time insight on the crypto market based on actual transactions on CoinSwitch; is refreshed over 1,400 times a day to ensure reflection of real time market movement; and is INR denominated (takes into account currency conversion rates) unlike any other international currency denominated metric. The index will be rebalanced monthly and reconstituted every quarter to stay up to date with the market.

After a muted start, the stocks overcame initial bouts of volatility and managed to steer clear of the negative territory. The 30-share pack Sensex rose 436.94 points or 0.79 per cent to close at 55,818.10. Its broader peer, Nifty50, also ended the session above the 16,600 mark, 105 points or 0.64 per cent higher.

ccording to Nomura economists, while the moderation in GDP growth in the fourth quarter was primarily on account of a statistical base effect, the sequential momentum remained strong at 1.9 per cent quarter-on-quarter versus 2.0 per cent in Oct-Dec, suggesting an annualised momentum of 7.5 per cent.

“If one looks at the pending bookings that have been increasing for Maruti Suzuki, it is about 295,000 at the moment and for the industry it would be about 525,000 pending bookings. So yes, right on the demand side, things seem to be stable. However, going forward, we have some headwinds and we are monitoring these very closely.”

LIC’s dominant size in the industry – cornering over 60 per cent market share – is also a problem, Emkay says, as it hides operating challenges. LIC’s dominant share in the single-premium group fund management business artificially inflates its market share and deflates some of its cost ratios, it said.

“Most of the Indian technology companies are business to business companies. B2B companies feel this after a lag of three to six months. It is a no-brainer that if interest rates are going to go up as sharply as they are predicted in the US, combined with monetary tightening and some slowdown in the US economy and some squeeze on the margins of US corporations, there will definitely be cutback on the IT spending and that will hurt these companies.”

“The latest block deals selling 2.8% does not impact the majority control that the promoter has and it is just the simple small minor stake dilution which was in line with certain restructuring in the family trust. No impact whatsoever on Bata India., says Gunjan Shah. The Bata India CEO also talks about how an improved product mix and a move towards “casualisation” and “sneakerisation” has aided in improving margins.”

“There are elements of protection annuities where we are working very hard with the Axis Bank to make sure that it provides good momentum to Max Life Insurance. There are synergies that we are looking at across cost saving initiatives, procurement, people movement etc. We are just trying to increase the level of synergies across different verticals.”

According to the brokerage, the pressure on margins faced by manufacturing businesses along with wage inflation in the IT sector had been offset by the earnings outperformance shown by the banking, financial services and insurance (BFSI) sector.

The company has recently gained new capabilities with its JV with Vopak, which enables the company to increase the products it can handle across liquids and even new gases like ammonia and butadiene, Nomura India said.