Asian cues, mixed results subdue equity market; metal stocks fall (Roundup)

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Mumbai, Oct 21 | A sell-off in the Asian markets, along with mixed early corporate results, subdued India’s key equity indices on Thursday.

Besides, inflationary concerns due to high transportation fuel prices dented sentiments.

The two key indices — S&P BSE Sensex and NSE Nifty50 — had a gap-up opening. However, soon afterwards, both ceded much of their gains and traded flat.

Volumes on the NSE were the lowest in the past four days, and banks were the main gainers among sectors whereas metals, telecom, IT and realty were the main losers.

On the global front, Asian markets, tumbled into the red after shares in China’s Evergrande tanked as they resumed trading after a 17 day suspension period.

Furthermore, European stocks trended lower. Investors were concerned about inflation and China’s economic slowdown.

The 30-scrip Sensex closed at 60,923.50 points, down 336.46 points, or 0.55 per cent.

The barometer index opened at 61,557.94 points from its previous close of 61,259.96 points.

Similarly, the NSE Nifty50 ended the day’s trade lower, falling to 18,178.10, down 88.50 points or 0.48 per cent.

It opened at 18,382.70 points from its previous close of 18,266.60 points.

“Nifty has fallen for the third day; however the volumes are falling and advance decline ratio is improving, though below 1:1,” HDFC Securities’ Head of Retail research, Deepak Jasani, said.

“This could mean that the recent selloff or weakness is nearing the end. 18,266-18,350 could be the next resistance for the Nifty while 18,030 could be a support in the near term.”

Motilal Oswal Financial Services’ Head, Retail Research, Siddhartha Khemka, said: “Equity markets opened positive but immediately succumbed to profit booking and fell sharply for the third consecutive session though it did recover somewhat towards the fag end to close with minor loss.”

“The markets are likely to further consolidate given weak global cues, ongoing earnings season and elevated valuations. The earnings declared so far has been mixed with cost inflationary pressure being clearly visible on margins.”

Geojit Financial Services’ Head of Research Vinod Nair said: “Sell-off continued due to weak Q2 results, bearish global market and profit booking in IT, metal and realty stocks.”

“However, the banking index, especially PSBs, moved with confidence on the expectation of good quarterly earnings. High volatility forced foreign and domestic institutional investors to remain net sellers.”

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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