Summing up Modi stimulus: The past 3 days' takeaways

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THE ECONOMIC TIMESDaily Newsletter Fri, May 15, 2020 | 05:54 PM IST

#Coronavirus#EconomyTracker#Whatsbuzzing

Top stories of the day Summing up Modi's Covid stimulus: Takeaways so far from the 'mother of all incentives' At as much as 10% of GDP, the big stimulus package did not appear to leave any major sphere untouched as Modi brought... Ministry dials 15th Fin Commission on discom distress The Pandemic will permanently change the auto industry Corona to leave a legacy of unprecedented global debt Delayed survey data blurs India's coronavirus picture Missing inflation data turns focus to RBI forecast models Trump to charge tax on firms manufacturing outside US UP, Bengal have highest number of street vendors

Debate This Will a self-reliant India become a protectionist India? The government has unveiled a new economic package to cushion the coronavirus blow on the country's economy. The underlying theme, as Modi himself said, is the idea of a self-reliant India. As the finance minister lays out the fine print of the Rs 20 lakh crore mega booster, the question looms - will an atmanirbhar India turn protectionist and shun global linkages? If it does, what will be the cost?

SENSEX 31097.73 -25.16 NIFTY 50 9136.85 -5.90 USD/INR 75.57 -0.00

Top Gainers NSE 2 companies (largecap) appreciated more than 5% BEL 6.44% Hindustan Aeronautics Ltd. 5.02% More from Gainers Top Losers NSE 1 company (largecap) price decreased more than -5% Oberoi Realty -5.11% More from Losers

More From our Partners Recorded Session: ETMarkets Investor Conference - Wealth Creation Opportunity Post Covid-19 Crisis

US senator unveils 18-point plan to hold China accountable for coronavirus outbreak A top US senator has unveiled an 18-point plan, including enhancing military ties with India.... Slovenia opens borders after declaring epidemic over SC stays MHA order on full wages during lockdown An Indian airline magnate wants to go shopping in lockdown Onset of monsoon over Kerala likely to be delayed: IMD Modi's Covid fight has a Make in India problem Global cost of the virus could reach $8.8 trillion, ADB says World Bank approves $1 billion to support India's fight against Covid-19

Top Slideshow Olympic fencer turns to food delivery Top Video FM focuses on migrants, but is it enough?

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Go overweight on equities, invest extra cash in a staggered way

THE ECONOMIC TIMES Fri, May 15, 2020 | 07:19 AM IST ET Investment Opportunities

Go overweight on equities, invest extra cash in a staggered way In the third round of lockdown, our challenge has been to restart the economy. D-St veteran's survival tips for investors in post-Covid world The economic situation of India was very bad even before the Covid-19 pandemic. Telecom, tech to emerge stronger post-Covid: Raamdeo Agrawal 'Invincibility of a business model is being tested now' India's FMCG story is the most attractive: Edelweiss Securities 'This is a sector in which debt is not a concern at all'

Advertorial Recorded Session: ETMarkets Investor Conference - Wealth Creation Opportunity Post Covid-19 Crisis Advertorial ET Catalyse Virtual: The role of brand communication during a lockdown

Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth 1.03 -14.15 -1.81 8.61 Axis Bluechip Fund-Growth 0.90 -14.63 -2.99 7.17 Canara Robeco Bluechip Equity Fund Direct-Growth 3.46 -11.37 -0.40 5.25 Canara Robeco Bluechip Equity Fund Regular-Growth 3.28 -11.96 -1.69 4.01 HDFC Index Sensex Fund-Growth 4.26 -20.42 -13.30 2.64 FeaturedICICI Prudential Corporate Bond Fund Direct Plan -Growth ★★★★★ 2.04 4.53 10.56 8.23 Start SIP

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Everything that shines is not gold, it could be silver: Jim Rogers Everything that shines is not gold, it could be silver according to Jim Rogers! Watch as he shares his preferred choice of investment with ET NOW's Nikunj Dalmia. A big crisis can be turned into big opportunity: Navneet Munot 'PM has injected huge amounts of confidence among stakeholders & promised a lot of capital.' MFs sold top Nifty stocks in April to lap up low-lying fruits Data showed MFs bought shares in beaten-down auto and PSU stocks in April. Top themes that may play out due to Covid-19 crisis Axis Securities identifies key areas of opportunity which are likely to see outsize returns over the next one year. The brokerage believes there will be a wide of range of opportunities for quality companies across sectors, however, some themes are more likely to play out and benefit the leader companies in that space disproportionately. Here's a look:

Investors' Guide: Is gold heading for Rs 50,000 mark? Can gold really go soaring to a new peak far higher from current levels? Consumer staples, tech & pharma best defensive plays: Gopani 'For the $270-280 bn GDP hit, someone will have to pay the price and asset quality issues will come up in some of the banks.'

Real Estate News

Residential real estate poised for bounceback: Godrej Properties 'Industry leaders would benefit from both the demand revival as well as consolidation.'

Luxury flat buyers push for deep discounts Buyers are trying to get the best possible deal knowing fully well that the developers don't have much leverage due to a cash crunch, projects that are stuck due to labour and raw material shortage, and also because of a demand shortage that may well extend into a few months.

FPCE opposes 6-month extension for project completion Among the state authorities, Maharashtra, Karnataka and Uttar Pradesh have extended the project completion deadlines by 3 months, while Madhya Pradesh and Tamil Nadu has extended the same by 6 months.

No registration fee for first sale of apartments in Tamil Nadu The move comes in the wake of some sub-registrar offices demanding to register the apartments attracting stamp duty and registration fee. However, it is applicable only on the first sale of the property.

Mumbai's luxury realty market sees demand pull-back While Covid-19 hotspots and containment zones pretty much criss cross the city, these homebuyers are expected to avoid properties adjoining such micro-pockets in localities like Worli, Parel, Byculla, Lower Parel, Prabhadevi, Sewri and Wadala in central Mumbai that was already facing a oversupply situation.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   More >>

Views and Recommendations

Buy Siemens, target price Rs 1,400: Edelweiss 14 May, 2020, 01:25 PM IST Access to parent's robust global product portfolio and a favourable transformation in domestic industrial capex (rising spend towards automation/efficiency in the post COVID-19 era) will improve the company's returns over the years, Buy Buy ICICI Pru Life, target price Rs 450: Anand Rathi 14 May, 2020, 12:47 PM IST While short term growth might get impacted given the current uncertain environment stemming from Covid-19, the company is well positioned for medium to long-term growth. Buy Buy Siemens, target price Rs 1,277: ICICI Securities 14 May, 2020, 12:10 PM IST Focus on margins, predictable cash flows from digitisation and short-cycle demand is expected to support medium- to long-term growth. Buy Buy Kotak Mahindra Bank, target price Rs 1623: ICICI Securities 14 May, 2020, 11:55 AM IST Management hinted at staying cautiously optimistic, focusing on sustainability and resilience, customer acquisition through digital route and growing franchises in non-credit businesses. Buy

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