Why China is nearing debt crisis; what Buffett says on markets; sectoral bets

ET Markets Daily Brief | Sat, Nov 12, 2016 | 05:09 PM IST Follow ET Markets

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'Always follow Mr Market' is the moral of the story No one will know until Jan what policies the new US Prez will pursue towards IT, pharma, heavy industries and export-oriented units in which India has stakes. Here's why Nifty50 is on track to hit 9,000 level With reforms such as GST, India will continue to attract foreign funds. Nifty50 would make it to 9,000 once again if corporate earnings support the prices. After Trump win, critic Warren Buffett sees strong stks Billionaire investor Warren Buffett defended the stock market's strength but raised doubts about President-elect Donald Trump's trade agenda. "The stock market will be higher 10, 20, 30 years from now; it would have been with Hillary, and it will be with Trump," he said.

Interview One to One "India must reduce corruption, increase efficiency of parliament, get the government to approve more of the reforms f...

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Market Watch 12 Nov | 05:09PM| SENSEX NIFTY USD/INR GOLD 26818.82 ↓-698.86 8296.30 ↓-229.45 67.24 ↑0.61 29344.00 ↓-556.00

Gainers Losers 12 Nov, 2016, 05:09PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Sambandam Spinning Mills Ltd. 128.90 19.80 151736 129.10 122.00 Jaykay Enterprises Ltd. 5.20 14.04 374 5.20 4.32 BLB Ltd. 6.88 13.91 2470 6.95 5.71

Tweet of the day... SBI and subsidiaries have seen deposits of Rs 47,868 cr since demonetisation move: FM

FROM THE NEWSPAPER

What I read this week: Is China nearing a debt crisis China has relied on mindless monetary stimulus since 2008 to muscle its way to continued output production. China's GDP growth has, thus, slowed dramatically. Hindalco posts over 3-fold jump in Q2 net profit The cost of most inputs continued to remain benign, though prices of crude derivatives increased marginally with a rise in crude prices, it said. With Trump as Prez, Fed is unlikely to hike rates in a hurry "With a cautious stance from Donald Trump along with an already dovish Federal Reserve, the pace of rate hikes is likely to be tepid in the coming years." A contraction in CG production can derail economy: Mythili "Unless investment picks up, demand will outstrip supply and this entire story of capacity utilisation being deficit will disappear and we will have a problem of inflation" 'Don't jump into metals space yet, go for banking, pharma'  "The financial services and the banking space look good. This entire demonetisation will immediately start benefitting this sector."

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