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ETMarkets Investors' Guide: Can India Inc’s Q2 earnings trigger further re-rating in the market?

Nov 6, 2021

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Created with Highcharts 9.3.1

Tune in now for Markets news, views cues

ETMarkets Investors' Guide (ETMarkets.com)

17:19 Min | November 06, 2021, 11:08 AM IST

Listen In to find out if India Inc’s September quarter earnings will continue the recent upgrade momentum

Can India Inc’s Q2 earnings trigger further re-rating in the market?

Transcript

Welcome to ETMarkets Investors' Guide, a show about asset classes, market trends, and investment opportunities. This is Atul P. M.

The rally in the Indian equity market over the past year has not only been sustained by a flood of global liquidity but also by surging corporate profits.

The profits-to-GDP ratio has surged to a decade high in the past 12 months after hitting multi-decade lows in June last year. That said, the September quarter earnings season has thrown up new challenges for the sustainability of India Inc’s earnings growth momentum.

In order to understand if India Inc’s September quarter earnings will continue the recent upgrade momentum, ETMarkets’ Chiranjivi Chakraborty caught up with Mr. Sampath Reddy, chief Investment Officer, at Bajaj Allianz Life Insurance.

Listen In!

Q. The September quarter earnings season is nearing its end. Have you seen enough evidence that suggests further rerating is on the offing and what have been other key takeaways for you?

Q. So far the market's attention has been on topline and bottomline growth but do you feel going ahead, the market's focus will shift to how companies manage profitability?

Q. We have had a mild correction over the past two weeks. Has it opened up opportunities for you to deploy incremental funds in the market?

Q. Central banks are finally moving towards policy normalization. We have seen the yield curve in the US flatten considerably over the past month. Are equities too sanguine on the prospects of faster-than-expected interest rate hikes next year?

Q. Given what has transpired in 2021, how do you expect the broader economy and the stock market to shape up in 2022?

Thank you Chiranjivi and Mr. Reddy for a very intriguing conversation.

That's all in this week's special podcast. Do keep checking this space for more interesting content and take time out to follow our market podcasts twice every day. Stay safe and Happy Weekend!

Market Watch (ETMarkets.com)

07:09 Min | November 03, 2021, 6:41 PM IST

Tune in as we analyse the market undercurrent, expectations from Samvat 2078, outlook on Nifty50 Bank Nifty and much more!

What are the expectations for Samvat 2078?

Transcript

Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Saloni Goel. And here are the top headlines at this hour.

October services PMI logs strongest growth in decade SBI Q2 profit surges 67% YoY, beats estimates Promoter-investor tussle hits Spandana Sphoorty MFI Ether scales $4,600 to hit record high Adani Power gets nod to acquire Essar project And Fuel prices unchanged after seven days of hikes

Let's take a quick glance at what happened on Dalal Street today.

Benchmark indices ended Samvat 2077 on a weak note, in an otherwise solid year for stocks, thanks to cautiousness ahead of the Fed policy outcome later in the day. The BSE Sensex shed 257 points to end at 59,772 odd level. Nifty faced selling pressure at 18,000 level, before closing the session at 17,829. Sun Pharma and IndusInd Bank shed 3 per cent each, Bharti Airtel, ICICI Bank and Kotak Mahindra Bank fell 2 per cent each, HDFC Bank, Titan and ITC were among many stocks that dropped over 1 per cent each. Declines overnumbered advances, even as 207 stocks hit their fresh 52-week highs for the day. Stocks hitting upper circuits stood at 323 against 180 that hit lower circuits for the day.

We have Vinod Nair from Geojit Financial Services to share his views on the day's action and the road ahead: Welcome to the show sir:

1. The market was cautious ahead of the Fed outcome. Do you think the Fed can spring a negative surprise? 2. Given the rally this Samvat, what are your return expectations from the forthcoming year?

We also caught up with Rohit Singre from LKP Securities to decode the technical charts for you.

1. The level of 18,000 is emerging as a key hurdle for Nifty50 for a few sessions. How are technical indicators placed? 2. Nifty Bank is seeing high volatility these days. Where can we see the short term bottom for the index?

Asian markets settled mostly lower for the day. Major European markets were trading up to 1 per cent in the first few hours of trade. US stock futures were trading 0.10 per cent lower, hinting towards a muted start to US equities later in the day.

That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!

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