For the continuing gush of foreign money in the debt segment, Himanshu Srivastava, associate director (research) of Morningstar India, said, "The stability in Indian currency and increasing bond spreads between the US and India made Indian debt better placed on the risk-reward basis, which would have caught investor fancy resulting in rather sudden and high inflows."

A look at the consolidated earnings of Nifty50 companies shows it was at almost Rs 358 per share average in August 2020, and has been continuously improving since then. The same figure averaged at Rs 446 in April, 2021 and Rs 607 in August 2021. Therefore, if you look at the PE data of this year, it is continuously on a decline, even though the key indices are touching new levels.

This week, market momentum is likely to be provided by Inflation numbers of India and the United States. The shortage of semiconductor chips may dent sentiments for RIL and auto. IPO listing and the new issues will also be the focus of investors at Dalal Street.

Globally, corporate capital expenditure, or capex, will jump by 13% this year, according to S&P Global Ratings, with growth in all regions and broad sectors -- especially in semiconductors, retail, software and transportation. Economists at Morgan Stanley forecast that global investment will reach 115% and 121% of pre-recession levels by the end of 2021 and end of 2022, a much faster recovery than previous downturns.

Bank of America Corp. strategists say that if Tuesday’s inflation figures back up the transitory narrative, it will lift the odds that long-term yields remain low for the next six to 12 months. The report is forecast to show a fourth straight month of the consumer price index gaining at an annual pace of 5% or greater.

The associated persons, engaged by a portfolio manager as a distributor of the PMS, and associated persons functioning as principal officers of a portfolio manager or an employee having decision-making authority related to fund management, will have to obtain certification from the NISM by passing the certification examination.

“Possibly up to March-June 2022, we can expect all the three industries -- travel & tourism, hospitality and aviation -- to do exceedingly well. One must play the momentum in some of these stocks, rather than go for a long term bet.”

ITALY-GENERALI/LIST (UPDATE 2, PIX)UPDATE 2-Two leading Generali investors could seek new CEO -sources

What will be the driving principle of this programme? What comes first, the private player’s return, or public welfare? For instance, if some private toll road operators are falling short on returns, can they increase the toll? What if people (read voters) living in that area protest? Who will the government favour then?

"The Indian IT industry in fact has gone through a little wall of worry. This industry was totally ignored by most investors till one year back. It is only people like Aberdeen, etc, who were holding IT stocks for 20 years or more. So, a re-rating happened because people decided to move to IT in the last six months."