Bameta is a fund manager and an economist with Aditya Birla Sun Life Asset Management Company (AMC) and manages the Aditya Birla Sun Life Income Fund
Keeping a cool head during a crisis has helped Manish Banthia outperform his peers
Whether earnings growth sustains will be crucial to determining how Indian equity markets fare in the days to come
According to sources, the firm is expected to list early next year.
Broader markets witnessed sharper selling pressure, with Nifty Midcap and Smallcap down around 4 per cent each.
This is expected to suppress valuations in India; decline in P/E may nullify gains from rise in corporate earnings
Sources said NSE's initiative will involve signing a contractual arrangement between the exchange and the company to give the scheme more sanctity
Sensex sheds 1,000 pts in four sessions to end at one-week low
Higher US rates would impact flows into emerging markets like India
Low liquidity in the realty market, combined with its non-transparency, means investors are often unaware of the loss in capital value they have suffered during downturns
Be aware that it carries credit, interest-rate, and liquidity risks and makes diversification difficult
A depreciating rupee and subdued trend in global markets also weighed on sentiment.
The Rs 1,367-crore IPO comprises a fresh issue of Rs 295 crore and an offer for sale of Rs 1,072 crore.
The qualified institutional buyers' portion was subscribed 4.32 times.
Only two public sector undertakings (PSUs) have managed to launch their IPOs, together raising less than Rs 5,500 crore
Says unapproved programmes pose risk to market and can be misused for systematic manipulation
Analysts underweight despite metals index's better dividend yield, lower P/E versus Sensex
The current differential or spread is nearly three times the average spread in the last 10 years.
The Nifty on Monday ended at its lowest level in over three months because of the panic caused by the spread of the new variant
BSE IT Index trading at P/E multiple of 34.3x - nearly 29% higher than that of Sensex