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Trade war makes emerging markets more difficult, investors face volatility
That could start to look like a beaten record for emerging markets, with the twists and turns of trade tensions between South America and China likely to dominate investor concerns this week.
This is not to say the two-day testimony of Federal Reserve Chairman Jerome Powell, and even the outcome of Monday's meeting between Donald Trump and Vladimir Putin in Finland will have no role to play in strengthening the feeling. READ MORE
Indian market reaches record level, but only a few stocks have risen following mbadive sell-off
India could be the most successful major market in Asia this year, but not everyone is looking forward to the return of the country's benchmark gauges in record territory. A look under the hood of S & P BSE Senbad 7.3 percent gain this year shows that it is dominated by three stocks – Tata Consultancy Services Ltd., Reliance Industries Ltd. and HDFC Bank Ltd. Just over half of Senbad's 30 stocks are trading at a price higher than their 200-day moving average price, down from 94% in January when the jig peaked. READ MORE
HUL Q1FY19 preview: Expected double-digit volume growth, badysts say
Hindustan Unilever (HUL) is expected to announce its results for the June quarter (Q1FY19) later in the day today. In March 2018, HUL exceeded badysts' expectations by posting a 14.2% year-on-year increase in net profit for the March quarter to 13.51 billion rupees, compared with 11.83 billion rupees a year ago. READ MORE
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Best winners
COMPANY
PRICE()
CHG ()
CHG (%)
VOLUME
MANPASAND BEVER.
136.15
6.45
4.97
244705
CENTURY PLY.
238.40
8.45
3.67
8710
L & T TECHNOLOGY
1334.05
46.30
3.60
62787
INFOSYS
1353.70
44,60
3.41
590381
INDRAPRASTHA GAS
258.00
4.90
1.94
20744
»More about the best winners
Infosys jumped 6% after the first quarter; market capitalization breaks the 3 trillion rupees mark
Infosys shares hit a new high of 1,384 rupees per share, up 6% on BSE, in an otherwise mixed market after the publication of an online performance for the first time. quarter ended June 2018 (Q1FY19) and its board of directors a free share for every share held (ie a 1: 1 bonus). The company announced Friday its first quarter results after market hours. READ MORE
Centrum on the bank of Karnataka
We keep Buy on Karnataka Bank (KBL) with a target price unchanged at Rs180. Q1 – 19 results, although lower than our revenue estimates, have been aligned with both operating results and profitability. Slips are lower (2.3% of loans); Provisions included accelerated coverage on NCLT cases (76% vs. 48% QoQ).
The MSME and business banking segments showed signs of improvement; we expect traction to continue. The pool of stressed badets was reduced to 3.8% of loans; we expect that loan loss provisions will remain at 120 bps. We expect earnings growth to accelerate and that the RoA / RoE scale will reach 0.9% / 12.6% by the end of the 20E fiscal year. Valuations at 0.7x FY20E ABV Remain Attractive
Benchmarks are trading down on Monday as they are inspired by their Asian peers.
Among individual titles, Infosys (IT) hit a new record of 1,384 Rs, up 6%. BSE, in an otherwise mixed market after the company announced an online performance for the first quarter ended June 2018 (Q1FY19) and its board approved the issuance of a free share for each share held (ie a 1: 1 bonus)). The company announced its first quarter results of fiscal year 19 on Friday after market opening hours.
Corporate Results and Economic Data
Global Markets
Oil prices
Crude oil prices in the United States fell by 0.5 percent to $ 70.69 per barrel, due to concerns over market turmoil. supply that had pushed up prices. The price of Brent LCOc1 oil was 0.5% lower at $ 74,895 per barrel
(with Reuters data)
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