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Equitymaster delivers independent, unbiased research on the Indian stock market. Trusted by investors since 1996, we help you build long-term wealth with honest, actionable insights β€” straight to your phone. https://www.equitymaster.com
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Time to Swap Your Horses? This is Why Mid-cap Stocks May Outperform Largecaps

Here's why I think mid-cap stocks may outperform their larger counterparts.

http://www.eqtm.in/r4WDi
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Sunil Singhania Added J Kumar Infra in Q1. Here's Why...

Latest shareholding pattern of J Kumar Infra shows Sunil Singhania added the stock to his kitty in the June 2022 quarter.

http://www.eqtm.in/g7TLj
Going LIVE in 15 Minutes…

Richa Agarwal’s One Stock Crorepati Mega Summit will go LIVE in just 15 minutes from now.

Join us now to get details of a smallcap stock that has all 3 traits of what Richa calls a potential crorepati stock.

Click the link below to join right away...

http://www.eqtm.in/Py3q5
Stock Market Update - Sensex Snaps 3-Day Winning Streak, Ends 87 Points Lower; Bharti Airtel, HCL Tech, & TCS Top Losers

Indian share markets end lower as IT stocks take a hit. The Sensex closed down by 87 points while the Nifty ended flat.

http://www.eqtm.in/b9Q4W
Ethanol Stocks are in a Sweet Spot. But for How Long?

Find out what the future holds for India's top ethanol stocks.

http://www.eqtm.in/Xt38F
Why TCS Share Price Is Falling

Here's why TCS share price has been falling in 2022.

http://www.eqtm.in/z5SCj
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These 5 Pharma Stocks Rally Up to 85% in 2022. Multibaggers in the Making?

Despite the volatility, these five pharma companies have almost turned multibaggers and delivered substantial gains. Find out what's driving them.

http://www.eqtm.in/r2T3N
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EVs are Burning. But What About the Future of EV Stocks?

Here's why electric vehicle sales may continue to soar, even as they continue to burst into flames across the country.

http://www.eqtm.in/Nm98M
Tata Steel vs JSW Steel: Which Steel Stock is Better?

As steel consumption rises, these companies seem to be promising leaders in the industry. Who has a better chance?

http://www.eqtm.in/n6KLi
INR Settlement in International Trade - Impact Analysis

Friends,
           The RBI has announced its second major step today to strengthen the INR.

The first was on the FCNR(B), NRE, OFCB and FPI investments in corporate debt on 6 July 2022.

Todays step is bigger than the one on the FCNR liberalisation of last week as the impact will be bigger, longer lasting and the ripples of the impact of this move will be felt wider across the economy.

Gist - The RBI has made it obligatory for AD (authorised dealers - primarily banks) to facilitate international trade in INR as the invoicing currency. Which is to say Indian imports & exports can be settled in INR.

The regulation will come into immediate effect.

The AD banks will open Vostro accounts of it's correspondent bank (representing the trade counter-party) in India. The money held in such Vostro will be denominated in INR.

Impact - It frees India from the forex market fluctuations to some degree. For example if the trade deal was denominated
in US$, the final remitted amount could be different from the amount anticipated at the time of signing the deal due to
currency volatility in the interim period. This is a positive.

Advance Payments - Indian exporters may receive export advance payments provided all previous fulfilled export orders
have been fully paid for. All denominated in INR.

EXIM Procedure - documentation required so far in export / import trade like letters of credit (LC) will continue. Due process
under Uniform Customs & Practices for Documentary Credits (UCPDC) will apply as usual.

Surplus Amounts - amounts lying in Vostro accounts can be deployed in Indian projects & investments, government securities, T-bills, EXIM advance flow management.

Compliance - the regulation will be in compliance with the Foreign Exchange Management Act (FEMA) of 1999. Due compliance will be required for the FATF (Financial Action Task Force).

My Take - this is a positive development which will take time to accrue benefits to the economy.

Opening Vostro accounts of correspondent banks will take time. There will still be trades & deals in hard forex as and when situations demand.

The percentage of marketshare of the INR in global forex markets is set to rise over time. Since the Rupee is not fully convertible, currently INR trade is extremely light compared to global currencies.

Also, substantial turnover in the INR is done in the offshore NDF (non deliverable forward) market. This regulation will attract INR trading turnover within India.

Being a major importer nation, India can demand atleast some of its international trade be transacted in INR. This will boost the INRs value over time.

Overall, it is a positive move that will yield results over the long term.

Vijay L Bhambwani
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Stock Market Update - SGX Nifty Down 108 Points, HCL Technologies Q1 Preview, New Entrant in the EV Space, and Top Buzzing Stocks Today

Top cues to track in today's stock market session.

http://www.eqtm.in/Hr93K
Stock Market Update - Sensex Trades Lower; Tata Steel, Titan & Asian Paints Top Losers

Indian share markets are trading lower with the Sensex down by 177 points, while the Nifty is trading lower by 63 points.

http://www.eqtm.in/Wx49P
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Ridham Desai on Long Term Investing and why he is Very Bullish on India

Ridham Desai is a veteran of the stock markets. Starting with almost nothing, he built up capital by trading stocks.

http://www.eqtm.in/j8Q4B
Profit Hunter - Our Biggest Reason Behind Beating the Benchmark by Over 3x

Don't focus on predicting macros. Instead, you should focus on your competitive edge as an investor.

http://www.eqtm.in/Qc53D
India's Top Renewal Energy Stocks: Big Returns or Boring Returns?

The energy transition from fossil fuels towards greener, eco-friendly sources, is set to be the biggest investment theme of this decade.

http://www.eqtm.in/p5D6E
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Revealed: The 5-Minute Blueprint for Potentially Becoming a One Stock Crorepati

At our One Stock Crorepati mega summit, Richa revealed the 5-minute blueprint for potentially becoming a One Stock Crorepati.

Richa also revealed the 3 traits of what she calls a potential crorepati stock.

Plus…she also revealed details of a tiny company that has all these 3 traits.

You too had signed-up for Richa's summit. But you missed it for some reason.

No worries. You can still watch the special replay of the summit to get all these details.

Click here to watch now
(This content may go offline soon.)

http://www.eqtm.in/Py3q5
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This includes all our latest recommendations.

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Why Bharti Airtel Share Price is Falling

The stock has been a target of panic selling due to its falling price. It has traded at peak volumes in the last 1 month.

http://www.eqtm.in/Jm74E
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Why IT Stocks Are Falling

Growing concerns of recession in the US among other reasons have sent the India IT sector tumbling. Read on to know more...

http://www.eqtm.in/x2L7G
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Big Whale Ashish Kacholia Increases his Stake in this Multibagger Stock

Shares of this consumer durable company rally after ace investor Ashish Kacholia bought over 300,000 shares.

http://www.eqtm.in/w2S6F
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Stock Market Update - Sensex Extends Losing Run, Ends 509 Points Lower; Infosys, HCL Tech Top Losers

Indian share markets end lower as IT stocks take a hit. The Sensex closed down by 509 points while the Nifty plunged 158 points.

http://www.eqtm.in/x8DSd