Indian Investors Are Always Hungry For Returns No Matter What The Market Condition Is; And With The Beginning Of The Corporate Earnings Season, It Is Time During Which Publicly-traded Companies Announced Their Financial Results In The Market.
In the April-June quarter, double-digit growth in profits has been seen yet again for Indian stock market. Thanks to the robust recovery from the national sales tax introduced last July and higher metal prices, revenue growth in the period may reach a three-year high of 13%. At a time when emerging markets have been roughed up by trade tensions between the world’s biggest economies, the earnings picture in India is improving.
GROWTH IS SCALING UP IN RECENT MONTHS
India’s economic growth is scaling up in recent months, prompting the central bank to raise its outlook for gross domestic product growth to 7.4% in the year that started on April 1 from 6.6% in the previous year. It can be inferred that, India, the world’s fastest-growing big economy is relatively shielded from trade risks due to its large domestic market, which has added to the allure of its stocks.
As many as 123 companies listed on Bombay Stock Exchange (BSE) have declared their quarterly results for the April-June period. The benchmark BSE Sensex closed up 0.95 percent at 37,336.85 after hitting a record high for a fourth straight session.
This story is from the August 2018 edition of Mad About Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 2018 edition of Mad About Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Top 5 Investment Options In 2018
With The Commencement Of The Fy 2018-19, Salaried Professionals Are Looking To Make Investment Declarations In A Bid For Tax Exemption Benefits. However, Before One Invests, It Is Crucial To Get An Insightful Knowledge Of The Best Investment Options Available In The Current Market Scenario.
BFSI Industry In India
One Of The Key Players, Fostering India’s Economic Growth Is The Banking, Financial Services And Insurance (Bfsi) Sector. Companies, Who Provide A Product Mix Of Financial Products Or Services, Comprise The Bfsi Sector Of India.
Grow Up & Get Rich Personal Finance Basics For Beginners
Since Time Immemorial, We Have Always Heard Several Stories About How People Have Reached A Position Of Power And Become Successful And Rich With Their Enduring Determination And Fool-proof Financial Planning
Top 10 Most Expensive Resorts In The World!
When it comes to vacations, all you want to do is soak up in the luxuries of your lavish hotel or resort and spend all your time in enjoying these pleasures in life. These luxurious hotels not only offer the best and world-class services but also magnificent ambience which makes the whole experience out of this world. These resorts give you a very peaceful and serene atmosphere amalgamated with a royal luxury which the kings and queens enjoyed in the olden times.
Financial Fears- Fear Of Ever-increasing Loan Debts!
This generation is exposed to easy loans and credit cards which lead to borrowing more to fulfill the long-lived dreams and desires. This might lead to a serious situation where the monthly expenditure and loan payments add up more than your monthly salary. When this situation arises, you again borrow further to fix the problem. But frankly, you are just piling up more and more loans which you cannot pay up for. This cycle keeps on continuing and you end up in a debt trap. Don’t lose hope; there is still a way to deal with this financial crisis.
Axis Mutual Fund Enters Real Estate Business, All Set To Raise 500 Crore
Axis Asset Management Company, A Division Of Axis Bank, Is Said To Be Looking For An Entry Into The Real Estate Business With A Plan To Invest Around 500 Crore In The Market.
Top 10 Most Expensive Watches In The World!
The best watches I the world tell time and get you places on time. However, man’s fixation with opulence has sometimes made this utilitarian gadget turn into a statement accessory. Here are the 10 most expensive watches to ever exist in the world as we know it. Warning: it might just leave you awestruck.
GST Application On Financial Services: Government's Clarification
The government’s perspective on the main aspects related to BFSI sector has been cleared. Basically, the government also elucidated that the banking services such as cheque book issuance and ATM withdrawals would not have Goods and Services Tax (GST) levied on them.
Fear Of Retirement And What It Entails!
Today, retirement is a daunting prospect for most of us.
The jist of the Jan - Mar quarter GDP Growth
As per the recent statistics, India maintains its tag of world’s fastest growing economy. India recorded the growth rate of 7.7% from January-March quarter. According to a HSBC Report, the ‘hand of government’ has been the main driving force behind the increase in the January-March GDP growth rate and has been the fastest growth in seven quarters.
