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MOSL: Morning India (21/August/18): 1. India Strategy (Nifty at all-time high); 2. EcoKnowledge; 3. Pidilite Industries; 4. Metals Weekly

MOrning India (21/August/18): 1. India Strategy (Nifty at all-time high); 2. EcoKnowledge (Understanding Indian household balance sheet); 3. Pidilite Industries; 4. Metals Weekly

 

 

Today’s top research theme

India Strategy | Nifty at all-time high; a trip down the memory lane; Insightful reading on the Nifty’s journey since the new millennium

• The series of market milestones has extended further with the Nifty hitting an all-time high of 11,500 - a feat that was unimaginable in the early years of the new millennium.
• As mighty as the Nifty seems now, we note that it has been a journey down numerous highways and byways. The index structure today versus that in 2002 is starkly different. This isn't surprising as the Nifty hovered around the edge of 1K back then. Plus, the underlying economy has undergone a sea change- new sectors have evolved, while some have lost relative importance in the New India.
• We, thus, thought it would be interesting to look back and share some exciting aspects of this voyage. Afterall history also provides useful insights into the future.

Piping hot news

DGCA data: Domestic air passenger traffic rises 21 percent in July

• Domestic airlines may be struggling with their finances with lower yields, but passenger traffic continues its rising trend. According to data released by the Directorate General of Civil Aviation (DGCA) on Monday, domestic carriers carried 11.6 million passengers in July, up 21% compared with the same month last year.