Q2 results buoy equities; metal stocks rise (Roundup)


Mumbai, Oct 18 | Healthy buying in metals as well as IT sectors’ counters buoyed India’s equity market on Monday.

In the process, S&P BSE Sensex made an intraday high of 61,963.07 points and the NSE Nifty50 touched 18,543.15 points.

The current bull-run became the longest winning streak for the equity market since August 31.

The two indices — S&P BSE Sensex and NSE Nifty50 — had a gap-up opening and held on to their gains encouraged by healthy quarterly results.

Globally, Asian markets were largely down following inflation worries due to surging energy prices and slowing growth in China.

Similarly, European markets headed lower on Monday morning in London, compounding jitters following GDP data in China that missed expectations.

On the domestic front, volumes on the NSE crossed Rs 1 lakh crore mark, power, metals and IT were the main sectoral gainers whereas healthcare and telecom were the main losers.

The 30-scrip sensitive index traded at 61,765.59 points, up 459.64 points, or 0.75 per cent.

The NSE Nifty50 traded at 18,477.05 points, up by 138.50 points or 0.76 per cent.

“Nifty rose on very high volumes. Advance decline ratio closed in the positive towards the day end but was lower than the morning levels,” HDFC Securities’ Head of Retail Research, Deepak Jasani, said.

“Nifty is now overbought on daily charts. Tuesday is the eighth day in this uptrend and eight is also a ‘Fibonacci number’ that could denote a change in trend for the near term. The 18,600-mark on the Nifty is anyway a resistance while 18,350 is a support.”

Motilal Oswal Financial Services’s Head, Retail Research, Siddhartha Khemka said: “Festive mood continued to remain in Dalal Street with markets touching new highs. Positive sentiments globally and good quarterly corporate results have kept the investors’ interest sanguine.”

“Rise in global commodity prices continued which supported metals stocks while raising fears of adverse impact on inflation and interest rate.”

Geojit Financial Services’ Head of Research Vinod Nair said: “The domestic market traded at record highs withstanding the weak trends in the global market due to disappointing Chinese GDP numbers and global inflationary pressure as a result of energy shortage.”

“Chinese GDP grew by just 4.9 per cent during the July-September quarter owing to lower than expected growth in industrial activity. However, the trend in the Indian market was bullish as PSU banks, metals, IT and energy stocks took charge of the rally.”

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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