India Macro Indicators share price target

Indian market closed positive during the week. Nifty and Sensex up this week by 2.48% and 2.08% respectively.

The decline in headline inflation in the last two months is largely driven by a fall in food inflation. Consumer Food Price Index has come down sharply in the last three months from 5.1% in June 2021,...

Inflation softens, growth continues recovery

Tailwinds abound: Indian economy has shown strong resilience from jolt of 2nd wave of covid. All dots are coming together with 1) Normal monsoons 2) Strong tailwind in IT services with an expected Rs500-550bn incremental salary outgo per annum 3) Improved visibility on PSU divestment post sale of Air India 4) Improving standing of Indian companies in Pharma, Chemicals, Textiles etc. in china+1 strategy 5) High probability of private sector capex to kick start led by cement, steel, Oil and Gas 6) Digitization wave sweeping across with Fintech, Consumer Tech and EV led transformation. Although some of these factors will play out in long term,...

OUR TOP 10 TRADING BUYs Earnings Play*: ICICI bank, SBI, Mindtree, Ambuja Cement, KNR construction, SBI Life, Can Fin Homes, Varun Beverages, Mold-Tek Packaging, and Bata

Higher pace of vaccination: As on date, domestically India has administered ~89 crore vaccine doses (~69% of eligible population vaccinated with first dose, ~25% of eligible population fully vaccinated) & is on track to administer ~200 crore doses by 2021 end. With large part of population slated to be vaccinated by Dec'21,...