Which Way Are Stock Prices Headed?
“Be greedy when others are fearful” — an old stock market saying
India’s growth story has so far defied oil price shocks and the consequent spikes in prices of essentials, geopolitical doldrums like the persisting Russia-Ukraine war and the vagaries of nature like floods and storms. The major stock markets in India, the BSE and the NSE, have so far saluted this epic-in-the-making and then suddenly in October, share prices of companies in key sectors like banking, telecommunications, metals, utilities and healthcare began to slide. What portends to be a trend comes on the eve of a scheduled deluge of initial public offerings (IPOs) of companies big and small.
So, is the bull run that began in 2020 over? If so, what fate awaits the plethora of IPOs scheduled to hit the market in the weeks ahead? BW Businessworld’s financial market experts explore both these questions and some more. They analyse the market trends and the reasons why the iconic BSE bull may want to rest a while, till the nuances of two flagrant regional conflicts play out and the United States Federal Reserve’s strategy for combatting inflation becomes more clear. Our cover package also brings to you, expert views on stock market movements and the trends to expect this year.
Elsewhere in this issue, we look at the urban transportation overhaul in India and how it will transform travel by air, road and rail. Union Civil Aviation Minister Jyotiraditya Scindia talks of the potentials of the aviation market in an exclusive interview to BW Businessworld. In the wake of the inauguration of the Namo Bharat Train by the Prime Minister in October, National Capital Region Transport Corporation’s (NCRTC) MD Vinay Kumar Singh talks of how this regional transit system has brought a paradigm shift in India’s railway infrastructure and the global benchmarks it has set in railway technology.
A special section of the magazine has been devoted to the most promising young chief financial officers (CFOs) of the day. The BW CFO World Finance 40 Under 40 Awards celebrated the outstanding achievements and contributions of financial wizards under the age of 40. The event served as a platform for honouring, recognising and celebrating leaders in the domain of finance, whose strategies have been acknowledged to be transformational.
Of course, we also bring to you, all our regular columns and features. Happy reading and Happy Diwali!
