Prashant Nair
@_prashantnair
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Executive Editor, CNBC-TV18
Mumbai
Joined September 2013
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I Wanna
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#BLEACH
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BAMBAM
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Pete Rose
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PlayStation
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Lions
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Hall of Fame
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Seth
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Goff
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Levis
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Respecting Ancestors
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コーヒーの日
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Amelia Watson
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都民の日
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Christ is King
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Geno
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土井先生
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#OnePride
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メガネの日
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Charlie Hustle
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Huntley
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McDaniel
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TEN FIREWORK IT
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I got paneer/roti for lunch the other day.
Had it in office but couldn't taste a thing.
Mini panic in mind ! Is it Covid ?!
Called up home to say that I am going to go myself tested.
I got a calm reply back - haan woh aaj namak daalna bhul gaye...
True story ! :)
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RBI governor Shaktikanta Das is the 'Governor of the Year' at the Central Banking Awards 2023 in London !
#stockmarkets
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Big !
Morgan Stanley cut their price target for Tata Motors to Rs.298 from Rs.300.
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Kotak on ICICI Bk Q3
"Time to take a deep breath & watch in awe..
15% RoE
16% loan growth, 23% NII growth, 4% NIM
Avg CASA ratio 45%
Fee income +19%
Net NPL ratio -15bps, GNPL -70bps QoQ
we are running out of adjectives to describe one of the best recovery in large banks"
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FIIs sold stocks worth $33.3 billion in 9 months between Oct-21 & June-22. Nifty fell 18%.
FIIs bought stocks worth $3.5 billion in the last month & a half. Nifty has jumped 18%.
And the Nifty is now 3.5% away from all time highs.
#Markets
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Quant MF has grown from managing Rs.500cr in Dec-2020 to over Rs.50,000cr now. 100X in 3 years.
Sandeep Tandon is the founder & CIO. A 30 year veteran in markets he has done it all - sell side, prop, buy side & much more..
Quant MF's returns have been in the top percentile
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With family in Bangalore.
What more could one ask for - Four generations in one picture !
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Trading Schedule For Market Participants
9 - 11 AM: DIIs Buy
11 - 2 PM: Retail Buys
2 - 3.30 PM: FIIs Sell
#Markets
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2 big changes to India's vaccination policy -
1. Centre will buy 75% of all vaccines produced from cos and give it to states, free of cost (right now this was 50%)
2. Pvt hospitals can charge a max of Rs.150 a dose as service fee over MRP
#Vaccination
#ModiSpeech
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Jio Financial will be spun out of Reliance on Thursday.
How will it happen ?
10 points.
1. The record date to determine who is eligible to get Jio Financial Svcs shares is July-20, i.e Thursday.
1/8
@CNBCTV18Live
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Today's headline is, Bank of Japan.
Bigger question - Is Japan (finally) exiting deflation ?
10 points.
1. Japan has been in a DEFLATIONARY phase for 25 years.
2. Companies refrained from passing through costs to consumers even when input prices rose. Instead, they cut wages.
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BREAKING NEWS!
Debt mutual funds bought after April 1st, 2023 & held for over 3 yrs, will NO longer enjoy indexation benefit NOR will be eligible for 20% tax rate
Brings bank FDs on-par with debt MFs
A big positive for banks. Negative for AMCs
#mutualfunds
#stocks
#debt
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We spoke with S. Naren, CIO, ICICI Prudential AMC.
25 takeaways.
(Don't miss points 13-18)
1. At 17k, valns more reasonable
2. Macro funds too short on everything
3. Tactically a good rally possible
4. Dont think we will see big returns from here though
1/8
#StockMarket
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Whoa !
It’s a stampede. To get in !
FIIs buy over Rs.9000cr of stock in cash market today !
#StockMarket
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मैंने एक बाजार के अनुभवी व्यक्ति से पूछा कि बाकी दिग्गज क्या कर रहे हैं ?
जवाब मिला - सब एक दसरे को शक की निगाह से देख रहे हैं कि कौन बिना बताये बेच गया.
#stocks
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HDFC AMC has become the first large cap stock, which has broken Covid low (March 2020)
via whatsapp message.
#stocks
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Quant MF response -
Dear Investors,
As a policy, we don’t comment on the media reports, however here is an important update to clarify some points to maintain transparency with all our stake holders .
Recently, quant Mutual Fund has received inquiries from SEBI, and we want to
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*INDONESIA BANS EXPORTS OF EDIBLE OILS*
- No timeframe on end of ban which is set to begin April-28
- Indonesia is the world’s largest producer/exporter of palm oil
- India is the world's largest palm oil importer heavily dependent on Indonesia & Malaysia
(1/2)
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Can this person now call himself 'former billionaire' ?
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HDFC Ltd gets access to low cost retail deposits. So very positive for the parent.
What is the big advantage for HDFC Bank ? The bank is already the largest distributor of HDFC home loans.
Anyone ?
#BreakingNews
#stocks
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Apple is now Google's largest Cloud customer.
Within Google they call them "Bigfoot"! :)
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I spoke with Chris Wood of Jefferies post US inflation data. 20 min chat on markets.
(Link - )
TOP 25 takeaways,
1. Double whammy of higher rates & b/s tightening
2. Will be astonished if S&P-50 doesn’t fall by atleast 30% from peak
#StockMarket
(1/8)
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Comments from Rajiv Jain, founder of GQG which has put in > Rs.15k cr into Adani cos yesterday.
Source - Australian Financial Review
On Hindenburg - “They have their view & we have our view, & we happen to disagree, but that’s what makes a market"
1/6
#stocks
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Last time INR was past 83, Dollar Index was at 114.
Today, INR is closer to 83 & Dollar Index is at 104.
What gives ?
#StockMarket
#stocks
#Rupee
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Here is the actual direct fiscal spending announced so-far,
From earlier measures: Rs.69,620cr
Tranche 1 & 2: Rs.22,000cr
Tranche 3: Zero
Tranche 4 & 5: Rs.48,100cr
Total: Rs.1,39,720cr
As a % of FY'20 GDP (RE) = 0.68%
#EconomicPackage
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The last time the Federal Reserve delivered a 75 bps hike was in November 1994 !
#stocks
#monetaryPolicy
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Looking at the rally, it seems as if the Fed is going to cut rates by 75 bps tomorrow !
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Byju’s finally releases FY’21 results !
FY’21 loss up 13x at Rs.4570cr
Sales little unchanged at Rs.2430cr
#startup
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And this !
In a single day, the
#SquidGame
crypto coin rallied from $38.19 to $2856.64. Just 5 mins after hitting this high the coin effectively evaporated, selling off to $0.0007926.
#cryptocurrency
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We spoke with S. Naren, CIO, ICICI Prudential AMC.
18 takeaways.
1. India best structural story with strong macros, challenge is to decide what kind of premium to pay
2. Big move since March on strong flows partly explained by Japanese CB printing a lot
1/8
#StockMarket
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Chartered accountant is untraceable and not answering phone calls, so cannot prepare financial results 😯
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Real Estate Index is up 20% this week. 20% in a week !
Godrej Prop +33%
Oberoi +27%
DLF +23%
Sunteck 13%
#stocks
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GQG's $4 billion investment is now worth $6 billion !
Excellent data
@hormaz_fatakia
!
@CNBCTV18Live
@nimeshscnbc
#stockmarkets
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Big news !
Tata Motors okays demerger !
There will be 2 listed cos - Cars & trucks
#StockMarket
#nifty
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1 crore new investors came into the market in the last 5 months !
Total now is 9 crore !
The force of retail has been underestimated & the ways in which our market has changed because of this !
#StockMarket
#Nifty
#Retail
#BankNifty
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Jio Financial will be spun out of Reliance today.
This will happen between 9 - 10 AM today.
6 quick points.
1. Exchanges will run a special pre-open price discovery session today between 9 AM and 10 AM to discover RIL price ex-Jio Financial.
@CNBCTV18Live
#StockMarket
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Kotak On SBI Q3 ->
‘If you need to find stress in this bank, then we need to buy a microscope...
.. And you don’t need a time machine anymore to see the RoE moving closer to 15%. We are nearly there.’’
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Breaking News !
Fitch downgrades US sovereign rating !
- US downgraded to AA+ from AAA
- US Treasury Secy Yelllen strongly disagreed with Fitch
- Alert: S&P downgraded US back in 2011
Reasons given,
-Fiscal deterioration
-Growing debt burden
-Eroded fiscal confidence
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A friend called up to say that after deep analysis he has figured out exactly when FIIs will stop selling.
Summary Analysis
Selling so far
25th- ‘7k cr
27th- ‘6k cr
28th- ‘5k cr
Next week
31st jan- ‘4k cr
1st feb- ‘3k cr
2nd- ‘2k cr
3rd- ‘1k cr
4th- 0
There you have it !
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3 days ago, I looked at what hospitals were making per dose.
Below is the data I put out.
Hospitals were charging the following over & above MRP.
Max: `270
Apollo: `220
Fortis: `220
Pvt hospitals can only charge a total of Rs.150 over MRP.
#VaccineForAll
#PMModi
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We spoke with Pankaj Tibrewal of Kotak AMC.
He says caution is warranted in midcaps & smallcaps.
10 points.
1. While over the last decade, Small-Midcaps have been the best-performing equity class, it is crucial to exercise caution in the short-term now
1/9
@CNBCTV18Live
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Big fall in Rupee today even as oil sold off overnight.
Rupee has lost 150p against the Dollar in 3 days.
What gives ? !
#Nifty
#StockMarket
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Got off the phone with an investor. Someone I respect a great deal. He picked up the phone and said,
"Prashant I will call you back, this is the greatest day of my life. I have to concentrate on what to buy in serious qty"
#Wisdom
#MarketSlump
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BREAKING !
The U.S. is in a (technical) recession, with GDP falling for a 2nd quarter in a row.
- Q2 GDP surprises significantly to the downside, -0.9%QoQ vs 0.4% poll.
- Personal consumption moderates to 1.0% QoQ vs 1.2% poll, 1.8% prior
#recession
#GDP
#USA
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Oil was $123 last on March 24th. ONGC stock was `185.
Oil is back at $123, ONGC stock is now `150.
#stocks
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Margins for largecap I.T. is now below pre-Covid levels!
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I spoke with the Fertiliser Secy, GoI today.
Very important (and interesting) takeaways.
10 points.
1. Nano urea is part of supply chain now
2. Will make 17 crore bottles of Nano Urea next year. This would be equal to 75 lakh metric tons of urea
1/4
@fertmin_india
#stocks
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Bajaj Finance stock is down 26% from highs.
Its widely owned across funds. MFs alone own Rs.36,000cr of it.
Investors need it to gets its mojo back!
I take a quick look.
#stockmarkets
#stocks
#EditorsRoundtable
#BajajFinance
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A giant global investor, Capital Group, in an essay, asks 'Will India be the breakout EM this decade?'
Their view in 10 points.
1. 'We believe India is poised for a period of secular growth, fueled by significant expansion in direct & fixed asset investment'
1/9
@CNBCTV18Live
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Goldman Sachs projection for the world's largest economies. Measured in USD.
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Exit polls show a BIG victory (perhaps the biggest yet) for BJP & PM Modi !
Big gains in WB. Orissa sweep. Holding MH & North states. Entry in TN/Kerala.
Poll of polls: NDA 360+
Markets should hit new highs on Monday !
#LokSabaElection2024
#Nifty
#BankNifty
#ExitPoll
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SGX Nifty will be called GIFT Nifty from July-03, 2023
Background -> From 3rd July, all SGX orders will be 100% transferred to Gift City, NSE IFSC Exchange for matching.
All approvals have been received for the above.
#BREAKING
#StockMarket
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Goldman Sachs points out how the landscape has changed,
"Reliance’s grocery business is now almost 6X larger than Future Retail (1.7X in FY'20)
Reliance’s Lifestyle business is also 6X Future Lifestyle Fashion (2.3X in FY'20)"
GS sees limited impact from the SC ruling.
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Kudos to the
@RBI
for being vigilant & always thinking ahead about developing risks !
Having covered markets for 20 years now, I can say, that compared to Western CBs, RBI is prudent & ahead.
Cheers !
@FinMinIndia
#StockMarket
#banknifty
#RBI
#Centralbanks
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India’s first Apple Store is opening in Mumbai on Tuesday, 18 April.
10 points about Apple & the market it operates in !
1. Apple is the most valuable brand in the world (Kantar)
2. Apple has a installed base of 1.1 bn active iPhone users, with unmatched brand loyalty
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We spoke with S. Naren, CIO, ICICI Prudential AMC.
13 takeaways below,
1. Investors looking at structural story in India, ignoring near term macro worries
2. 2023 is the year when you cut your allocation to mid-small caps because they have done so well
3. Asset allocation
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It is a 100% Reliance led move on Nifty today !
Nifty up 63 points right now. And RIL alone is adding 63 index points.
#stocks
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I sat down with
@Raamdeo
&
@chokhani_manish
today.
7 top takeaways.
-----------
*MARKETS & ELECTIONS*
Raamdeo: Markets should rally post state elections. A rally into general elections like in pre-2014 is possible & likely.
Manish: Markets nervous about freebies & populism.
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We spoke with Rupal Bhansali this morning who oversees $18 billion in investments in global equities at Ariel Investments.
She sounded pessimistic. But its a view from a large money manager..
12 Points,
1. Most imp to remember that this is a REGIME change from QE to QT
1/4
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We spoke with S. Naren, CIO, ICICI Prudential AMC.
Link -
Here are 20 TOP takeaways,
1. We follow processes; when we see greed, we are cautious & when we see fear, we are positive
2. In debt funds, floating rate funds should do very well
(1/9)
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Relaxo Q2 numbers are a washout !
Q2 EBITDA margin down 750 bps. PAT down 67%.
What happened here ?
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I spoke with GQG's Rajiv Jain.
With $22 billion in India, he is one of the top FIIs here.
Link:
20 takeaways.
1. India has a strong runway with a 3 year timeframe
2. Valuations extended, but not in crazy zone
3. Top worry is run-up in midcaps, pause
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Negative for life insurance companies !
Income earned from all policies with premium above Rs.5 lakh will be taxable.
This is applicable for new policies (issued post April 1, 2023) and not for existing ones.
#BudgetWithCNBCTV18
#stocks
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Big News !
CJI Chandrachud agrees to consider listing a plea by Vodafone-Idea to correct alleged errors in computation of AGR dues.
AGR liability for Idea `70,300cr
Potential reduction `30,000-35,000cr (mgmt estimate if petition is favorable)
#StockMarket
#vodafoneidea
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This stock is up 26X in 3.5 years !
I am talking about CG Power.
The Murugappa Group stepped in & bought in amid scandal & uncertainty during Covid.
And this week, it hit `1 lakh crore m-cap.
I look back at the incredible ride!
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Prashant Jain signs out of HDFC MF.
This is incredible in his final note 👇
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Fin Nifty 19500 put jumped 440X in 14 minutes !
From Rs.0.35 to Rs.153 between 2.49 PM & 3.03 PM.
#stockmarkets
#BankNiftyOptions
#finnifty
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NSE Scraps 'Do Not Exercise Facility'
What It Means,
-Stock closes at `2001 on expiry day
- You hold a `2000 call option (lot size 250)
- So your option ends in-the-money
- You HAVE to take delivery = Cough up Rs.5 lk to buy 250 shrs @ `2k
- No option to not exercise call
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Quite incredible !
US markets = 47% of world market cap now vs 30% in 2011.
and within that..
'Magnificent 7' stocks = 25% of US market cap
(the 7 names = Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet, Tesla)
#StockMarket
#Nifty
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