Morning Alert..🚀🚀
Nifty companies likely to see 29% surge in Q4 corporate earnings
Brokerages expect another quarter of high double-digit growth in the earnings of the country’s top companies that are part of the benchmark Nifty50 index. According to brokerage estimates, the combined net profit of the companies in the index is expected to grow by 29.1 per cent year-on-year (YoY) in the January-March 2022 quarter (Q4FY22) to an all-time high of Rs 1.61 trillion, from around Rs 1.25 trillion a year ago. Growth in corporate earnings should be led by cyclical sectors — such as banking, finance and insurance (BFSI), and oil & gas.
Exports of basmati rice fall over drop in acreage, loss of markets
Amid the euphoria of India clocking the highest ever agriculture exports of over $50 billion in FY22, basmati rice, one of the country’s oldest anchors in farm exports, seems to have fallen off the radar screen. For the third consecutive year, basmati rice exports saw a fall over the previous year in value terms, according to provisional figures. In 2021-22, India exported basmati rice worth $3.53 billion, the lowest since 2019-20.
High 5G spectrum prices may push players up against the wall: COAI DG
Apex telecom industry body COAI has asserted that spectrum pricing should be kept conducive to market conditions as 5G entails upfront capital investments with monetisation spread over a long-haul, and pricing radiowaves high will only push the players up against the wall. The stage is set for Telecom Regulatory Authority of India (TRAI) to come out with its recommendations on 5G spectrum pricing and other modalities for upcoming auctions, and the announcement from the sector watchdog is expected anytime now.
Commodity play
Gold – Rs 51706/10gm, Silver – Rs 66467/kg, Brcrude – Rs 7623/barrel, Degumsyoil – Rs 1448/10kg, Copper – Rs 825/kg.
Corporate News
Vedanta to move towards green steel; working on solution for hydrogen use.
Reliance Capital debt resolution may be delayed over subsidiaries.
JSPL plans to set up India's second coal gasification plant at Raigarh.
Sector in focus – Banks, IT, Sugar and Fertilizers.
Nifty companies likely to see 29% surge in Q4 corporate earnings
Brokerages expect another quarter of high double-digit growth in the earnings of the country’s top companies that are part of the benchmark Nifty50 index. According to brokerage estimates, the combined net profit of the companies in the index is expected to grow by 29.1 per cent year-on-year (YoY) in the January-March 2022 quarter (Q4FY22) to an all-time high of Rs 1.61 trillion, from around Rs 1.25 trillion a year ago. Growth in corporate earnings should be led by cyclical sectors — such as banking, finance and insurance (BFSI), and oil & gas.
Exports of basmati rice fall over drop in acreage, loss of markets
Amid the euphoria of India clocking the highest ever agriculture exports of over $50 billion in FY22, basmati rice, one of the country’s oldest anchors in farm exports, seems to have fallen off the radar screen. For the third consecutive year, basmati rice exports saw a fall over the previous year in value terms, according to provisional figures. In 2021-22, India exported basmati rice worth $3.53 billion, the lowest since 2019-20.
High 5G spectrum prices may push players up against the wall: COAI DG
Apex telecom industry body COAI has asserted that spectrum pricing should be kept conducive to market conditions as 5G entails upfront capital investments with monetisation spread over a long-haul, and pricing radiowaves high will only push the players up against the wall. The stage is set for Telecom Regulatory Authority of India (TRAI) to come out with its recommendations on 5G spectrum pricing and other modalities for upcoming auctions, and the announcement from the sector watchdog is expected anytime now.
Commodity play
Gold – Rs 51706/10gm, Silver – Rs 66467/kg, Brcrude – Rs 7623/barrel, Degumsyoil – Rs 1448/10kg, Copper – Rs 825/kg.
Corporate News
Vedanta to move towards green steel; working on solution for hydrogen use.
Reliance Capital debt resolution may be delayed over subsidiaries.
JSPL plans to set up India's second coal gasification plant at Raigarh.
Sector in focus – Banks, IT, Sugar and Fertilizers.