Updated Mar 10, 2021 | 18:24 IST
Brent may have climbed to its pre-COVID levels of $70/bbl, but JP Morgan and Jefferies say it should not worry India yet. Representational Image
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Sanjay Mookim, JP Morgan says rebound in oil does not present a major macro risk yet
Mahesh Nandurkar, Jefferies says a fiscal cushion exists until Crude hovers below the $80/bbl mark
The recent attack on Saudi s oil sites is yet another additional woe to Crude supply. Last week the OPEC coalition decided to continue their curtailed Crude output into April 2021, despite Crude having recovered along with global economic and factory activity. The fear of less Oil in the world has caused Crude to spike to $70/bbl, a level last seen before the Coronavirus hit the world. India is among the first countries to shudder at the thought of rising Crude, given her high import dependence. However, JP Morgan and Jefferies believe, the worry can wait, for a little while long
Mahesh Nandurkar, Jefferies: PSU catch-up trade has more legs
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Rising bond yields, commodity prices to cap market upside, say analysts
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Jefferies, says the official year-end target for Nifty for December 2021 is 15,800 and that continues to be the scenario.
Have the markets overreacted to a good Budget or is this a normal reaction and it could be called a relief rally as the Budget has turned out to be a no-harm growth-oriented Budget? Is the move sentiment-driven or a fundamental adjustment?
It is a kind of a relief rally in the sense that as we went into the Budget, the expectations were quite low and the Indian market had corrected by 6% or so in the previous week and we were underperforming. So, there was an element of scepticism. After seeing so many Budgets for the last so many years, which turn out to be a non-event, this one was not and it is a no-nonsense and very honest Budget. It is a very, very clean Budget in that sense. Yes, it is growth-oriented and multiple positives came in and with the low expectations. So, the 5-6% move that we have seen in the market since the announcement of the Budget is proba
Union Budget 2021: Which are the stocks to watch
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Union Budget 2021: Which are the stocks to watch
Bloomberg / Updated: Jan 28, 2021, 13:36 IST
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NEW DELHI: India’s annual budget will be unveiled on February 1, with expectations that the government will boost spending to reboot an economy that’s forecast to contract the most this year since 1952. Here’s a guide to those stocks that may be most affected by the spending plan.
Analysts believe that tax cuts, higher capital expenditure and greater spending on infrastructure projects which tend to support low-income earners hold the key to unlocking demand for goods and service.