TopNews

Indian markets have received support from lower levels and investors have gained confidence. Many stocks are available at good valuations but analysts are still suggesting wait and watch policy for long term investors.

Comments on Indian stock market action by Romesh Tiwari, CapitalAim....

Benchmark Nifty50 opened on a positive note above 11000 levels, but traded sideways for the entire day and closed almost flat on a daily basis above 11000 levels with 78.60 points or 0.71% at 11111.05 levels.

Indian government will need to take bigger steps in order to promote electric vehicles in India. Automobile companies are suffering from lower sales as many consumers are waiting for new launches in electric vehicles segment. However, the companies have failed to launch any mass market vehicle in the Indian market.

For Indian consumers, electric vehicles in price range of 8-12 lakh will be ideal. However, Hyundai has launched Kona electric in Indian market with a price tag of 24 lakh. It will be difficult for this vehicle to reach enough of sales volume to make viable case for Hyundai.

Along with the resale homes market, luxury housing took the hardest hit after demonetization. The Government’s continued focus on affordable housing coupled with the surgical strike on high-value currency denominations in November 2016 took the sheen off luxury housing for two years in a row. As a result, developers restricted new supply in the luxury category across the top 7 cities.

However, ANAROCK's most recent research indicates that while the affordable and mid-segment housing sectors continued to dominate the overall supply in H1 2019, luxury and ultra-luxury housing also saw a resurgence.

Sector agnostic Buyout Fund, TIW Private Equity has picked up a majority stake in Bangalore headquartered, Credence Family Office. The deal is in process of regulatory approvals.

Credence plans to use the proceeds to strengthen its advisory platform, increase geographical reach and improve on its operating platform.

Nearly a decade old and one of the early movers in the family office space, Credence offers a range of solutions in areas related to wealth management, tax solutions, estate planning, philanthropy, legal, lending and real estate services to high net-worth and ultra-high net-worth individuals. It also boasts of a mentorship academy for its clients, run by its distinguished advisory board.

Indian stock markets have taken RBI policy positively. Indian economy is facing minor challenges but majority of good companies have declared strong results. Stocks have witnessed decline in valuations but investors are cautious.

Comments on RBI Policy from Mr. Rajiv Singh, CEO, Karvy Stock Broking...

Indian Stocks remained positive after RBI monetary policy was announced. The markets have been declining after the Union Budget. Market participants were expecting good policy decisions from RBI. Comment on RBI policy by Mr. Mustafa Nadeem, CEO, Epic Research....