RJio unleashes war on telcos; a case for rerating in RIL; why September could be catastrophic for markets

ET Markets Daily Brief | Thu, Sep 01, 2016 | 05:31 PM IST Follow ET Markets

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D-Street welcomes Jio Bonanza; but RIL stock is still in red! Here is why Analysts are not optimistic on Jio. The plans offered by Jio are predatory in nature, but at the same time they would not become meaningful revenue creator. Will Jio's disruptive biz model sink Bharti Airtel, Idea Cellular? On an otherwise tepid day for markets, the BSE telecom index tumbled 5% after RIL said it would offer free voice calls, roaming and cheaper data services. Here's what happened on Dalal Street all through Thursday We try to capture every action from the listed universe of India Inc; be it largecap, midcap or smallcap, to keep you up-to-date on anything that may move your market.

Interview One to One I would be very surprised to see a trend reversal and a move into bear market. I think that happens only if there is ... Bharat Iyer, MD, Global Research, JPMorgan India

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Market Watch 1 Sep | 05:31PM| SENSEX NIFTY USD/INR GOLD 28423.48 ↓-28.69 8774.65 ↓-11.55 66.96 ↓-0.01 30683.00 ↓-41.00

Gainers Losers 1 Sep, 2016, 05:31PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Binny Ltd. 129.60 20.00 15307 129.60 115.00 Hindusthan National Glass & Industries Ltd. 131.50 19.98 8647 131.50 120.20 GTL Infrastructure Ltd. 2.61 19.72 6236382 2.61 2.20

Tweet of the day... Reliance Jio unleashes war on telcos; top 10 takeaways from RIL's 42nd AGM

FROM THE NEWSPAPER

Why September could be huge for markets all around the world Sept has typically been the worst one for stks — the only one in which the median return for S&P 500 has been -ve going back to 1928, says Bofa-ML official. Bet on Cement firms to play India story; 5 stocks gain 100% in 1 year Almost 5 stocks have more than doubled investor wealth in last 1 year while each of the 15 stocks delivered more than 50% returns in the same period. Industrial stocks rally up to 95% in 2016 as India opens purse for dream infra spend The case for industrials is infra spending. In 2008, when the previous peak happened in capex, as private and public sector capex together stood at 27% of GDP. RJio to start commercial operations from December 31, offer data at Rs 50/GB; a case for rerating in RIL? Citi group forecast Reliance's telecom venture's Ebitda to break even by FY19. It sees the venture to clock 20-25 per cent margins by FY20-21. Cement stocks slide on CCI fine; analysts see pain but no fundamental risk Angel Broking said besides a kneejerk reaction, the penalty may not create long-term concerns, as some of the fined cos have strong balance sheets and enough cash.

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