Stock specific action lift equity indices; Banking stocks gain (Ld)


Mumbai, Aug 9 | Stock specific buying activity supported equity markets’ northward trajectory during the post-noon session on Monday.

However, gains were capped as Asian shares fell, while rising Delta virus cases made investors’ nervous.

Amongst sectors, banking stocks gained the most while oil and gas and realty were the main loser.

The Sensex at around 12.15 p.m. traded at 54,324.06, higher by 46.34 points or 0.085 per cent from its previous close.

The Nifty50 traded at 16,244.60, higher by 6.40 points or 0.039 per cent from its previous close.

“Nifty after opening mildly higher has given up morning gains on August 9. Muted Asian markets also did not help,” said Deepak Jasani, Head of Retail Research, HDFC Securities.

“Stock-specific moves are visible as the Q1 results announcement continues. Markets are waiting for further cues from European markets that will open shortly.”

According to Likhita Chepa, Senior Research Analyst at CapitalVia Global Research: “The Indian benchmark is trading with a small positivity and has been constantly able to sustain above the level of 15,200 which has strengthened the belief in positivity for investors.”

“Our research suggests that 16,200 is an important support level for the market in the short term and we can expect the volatility in the market to expand and attain new levels of 16,500.”

Source: IANS

Next Story

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  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


Please enter your comment!
Please enter your name here