The very cream of market veterans with decades of street cred share their invaluable perspective and analysis.
Anil Ahuja says the source of all the activity in Asian markets is the U.S strength.The U.S markets are firing on all cylinders and the interest rates there are going up. He thinks this is a trade war that China cannot win.
Emerging markets are getting sold off because of tightening in the US and current oil price concerns, good earnings & good monsoon will trigger markets to move upward, says Mehraboon Irani, MD & CEO, Gini Gems Consultants.
Positive for consumer goods sector since farmers would benefit from increase in MSP says market expert Kaustabh Pawaskar, Sharekhan.
Solution for farmers is not high MSP but significant changes in productivity and if market prices rise to MSP prices, it could lead to inflationary impact, says Nadir Godrej, Chairman, Godrej Agrovet.
Pashupati Advani, Chairman, Global Foray says we need to know if the farmers are debt-ridden and if they are going to repay their debts. There will be some customer spending.
Quantam increase percentage is not the right indicator everytime, if the base is low then certainly there has to be a significant increase when we are talking about doubling the income of farmers, says Arvind Gupta of APEC.
Agricultural Economist Alagh talks about how markets need to be made effective for ensuring that the farmers really benefit from the MSP relief.
Aditi Nayar, NCRA says we need to see what the actual increase will be and what the inflation impact will be. It does not necessarily ensure that farmers will get higher prices for their produce.
Hikes in cotton,groundnuts and other items and the government seems to be making sure that farmers get their dues a year before the election.
ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh
In pact with Reliance Nippon to sell Mutual Fund products
Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis
Plans to sell part of se Asia biz as part of strategy to exit non scalable biz
To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
To turn focus to domestic market
Avendus cap-KKR emerge as frontrunner to acquire IDFC MF
Offer of Rs 3,000-4,000 Cr made by FIN services firm