MOSL: Morning India (27/July/17)-1. India Strategy 2. HDFC 3. Yes Bank 4. Bharti Airtel 5. Nestle India 6. Pidilite Inds. 7. Federal Bank
MOrning India (27/July/17): 1. India Strategy; 2. HDFC; 3. Yes Bank; 4. Bharti Airtel; 5. Nestle India; 6. Pidilite Inds.; 7. Federal Bank; 8. Amara Raja Bat. (AR)
Today’s top research idea
India Strategy: Nifty hits 10k mark after a stirring 22-year journey
- ​Nifty yesterday crossed and closed above the 10K mark - an all-time high. Against this backdrop, we take a trip down the memory lane and compare various aspects of Nifty now and 22 years ago.
- Since its inception, Nifty has delivered 11% CAGR returns. Over the same period, Mcap of Nifty companies has expanded at 20% CAGR. Notably, 30% of Nifty constituents have been part of the index since inception, delivering market cap CAGR of 18%.
- Private Banks - which had the lowest weight in Nifty at 0.4% then - now hold the highest weight of 23.9%. Consumer - which had the highest weight then at 17% - now accounts for 10%.
- Meanwhile, valuations are rich, with Nifty trailing P/E at 25% premium to LPA and trailing P/B at 10% premium to LPA.
Piping hot news
US Federal Reserve keeps benchmark interest rate unchanged
- The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy.​
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.