Business Today- 13th June 2021 by Business Today Editorial Team ISBN B0963F1ZWR instant download

Business Today- 13th June 2021 by Business Today Editorial Team ISBN B0963F1ZWR instant download

Stock markets have continued to defy gravity despite 18 months of relentless onslaught of Covid. The Sensex, for instance, currently rules at 32x the price-earnings multiple — 25 per cent higher than 25.5x PE multiple of the world's best known index, the Dow Jones Industrial Average. The Sensex is also the most expensive in Asia, almost twice as expensive as the Shanghai Stock Exchange.
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In India, as much as in many other parts of the world, markets have shown that they are looking beyond Covid for better times ahead. They expect an uptick in sales across sectors as economies get back to life, and due to superior corporate earnings arising out of enormous belt-tightening, better debt management and expenditure management. That's as far as hope goes—just what the stock markets rely on.
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But if wishes were horses, beggars would ride. The world of business and economy may have other ideas in store. Especially, when great risks are building up on the horizon. BT lead story this issue deals with the top risks markets and investors must ignore at their own peril.
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In an accompanying piece, this issue's markets package explores the long-term prospects of the market which continues to stay buoyant. In fact, almost all markets specialists agree a host of sectors are going to shine in the long run. What are those sectors, after all? Explore in Niti Kiran's sectoral analysis which five sectors will continue to soar... and why.