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Poonawalla Fincorp Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Rental Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

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Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 294300.64 Crore) operating in Construction sector.

India and China — a 2023 tale of two markets

Updated at : 2022-12-27 11:30:03

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The world’s second-largest economy has seen equities slump by two-fifths since June 2021, thanks to Beijing’s isolationist Covid-19 policies, turmoil in the real-estate industry and a punishing antitrust campaign against the country’s valuable tech firms. If China has been mired in a surfeit of pessimism, the opposite is true of India. Thanks to pent-up urban demand after the pandemic, stocks have held up reasonably well despite the US Federal Reserve’s aggressive monetary tightening.

The market capitalisation of all listed companies on the BSE increased by Rs 5.79 lakh crore to Rs 277.91 lakh crore in the last four days

"Our advice will be to still stick in the top 50 or the probably top 100 companies when you look at investing in the market/ But creation of wealth is about asset allocation, about allocating across horizons, across the market. So the continuation of some of the themes will play out. We expect consumption, healthcare, banking to continue its performance from here on. "

Nifty formed a Bullish Engulfing candle on daily scale on Monday and negated its lower highs of last three trading sessions,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

"Landmark is a very strong business having tremendous moats and it is the only organised play in the car distribution and dealership business. We believe that Ladmark is going to get into the game of acquisitions because there are 5,000 dealerships in India; they have about 112 dealerships and consolidation is the name of the game and they have a head start being listed in the markets."

Sectoral analysis of the winners of 2022 shows that Nifty PSU Bank index and Nifty CPSE index have been the top two gainers of the year with an upside of 65% and 19.5%, respectively, so far. On the other hand, the IT index has been the top wealth eroder and has so far lost over one-fourth of its value.

"We expect more volatility in Indian indices in the first half. But as we move closer to end of 2023, we expect inflation to moderate, giving RBI options to provide a monetary stimulus. With 2024 being an election year, we expect the government will spend on rural and infrastructure development leading to a recovery in consumption in India. We expect indices to be under pressure in H1 2023 but recover in H2."

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“Volatility is likely to be the hallmark in the near term amidst December F&O expiry this Thursday. Technically, Nifty’s major support is seen at the 17,407-17,567 zone with intraday support at 17,871. On the upside, Nifty will now face hurdles at the 18,221 mark, while confirmation of strength only if the index closes above the 18,473 mark,” Prashanth Tapse - Senior VP (Research) at Mehta Equities said.

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