India International Trade Fair , 2021 – Visit SEBI pavilion at IITF, Pragati Maidan, New Delhi. Click to Join us virtually
Login to Exchange, Mutual Fund, NCFM

In focus

Thumbnail of The Cost of Capital Survey 2021

The India Cost of Capital Survey 2021 aims to understand the cost of capital that companies use for capital allocation and strategic decision making.

This study is based on the views of 197 respondents, comprised primarily of finance professionals from a mix of Indian and multinational as well as listed and unlisted companies, collected between December 2020 and February 2021.

Download the "Cost of Capital Survey - India Insights 2021" (.pdf)

Research at NSE

For countries experiencing rapid growth, development of a healthy financial sector is critical. As the economy grows, and complexity increases, the financial sector needs to become more efficient at managing resources. In parallel, the eco-system surrounding the growth of the financial markets too need to grow and there needs to be the development of supplementary sources of investment capital.

A critical element of a well-developed financial sector is the contribution of its key components and human resources to the reforms and policy that underpin the development of the industry, by provide quality intermediation and insights to market participants. Growth cannot be lopsided and benefit a section of a society by keep the other at bay. Hence, understanding of the role of the financial sector has increased markedly, but research and insights continue to mount.

At NSE, we have identified 3 focus areas of research to aid the development of an efficient micro-system to continue on the path of growth and financial inclusion, we set as a roadmap of this journey we started in 1994.

Financial Research Initiative

The Effect of Conflict on Lending: Evidence from Indian Border Areas
Author: Mrinal Mishra and Prof. Steven Ongena, University of Zurich

Corporate Governance Initiatives

Quarterly Briefing on: Shares with Differential Voting Rights

Chief Contributor: Bala N Balasubramanian
May 2020

Latest Macro Review

Macro Review: Q2FY22 India GDP

India’s second quarter GDP (Q2FY22) growth expectedly came in at 8.4% YoY, albeit off a depressed base (-7.4% in Q2FY21), aided by receding infections, accelerating pace of vaccinations and swift reopening of the economy. On a QoQ basis, GDP expanded by a robust 10.4% in Q2, reflecting a marked sequential rebound in economic recovery that was temporarily halted by disruptions caused by the virulent second wave in Q1FY22. Notably, GDP is now back to pre-COVID levels, recording a modest 0.2% uptick on a two-year CAGR basis. The strong YoY rebound was broad-based, primarily led by investments, exports, and private consumption, partly offset by a sequential contraction in government spending and a healthy expansion in imports. By economic activity, Gross Value Added (GVA) rose by 8.5% YoY, led by a strong jump in Public Administration, Defence and Other Services, thanks to a low base effect. On a sequential basis, except for Agriculture and Mining that witnessed a seasonal contraction, all other sectors recorded a strong expansion, indicating strengthening of growth momentum.

Download the latest review

View All Reports

Latest: Corporate Performance Review

Q1FY22 Earnings Review: In-line quarter aided by a low base; estimates kept steady

Corporate performance witnessed a strong YoY rebound in Q1FY22, albeit off a very depressed base, despite a deadlier and virulent second wave. Localised and targeted restrictions implemented during the second wave ensured limited economic disruptions in Q1FY22 as opposed to seen in the same period last year when business activities were brought to a standstill by a strict nation-wide lockdown. Aggregate net sales grew by a record 41.7%/41.8% YoY in the June quarter for the Nifty 50/Nifty 500 universe1. On a sequential (QoQ) basis, however, aggregate net sales fell by 6.6%/7.9% with consumption as well as investment-oriented sectors getting hit by renewed lockdown restrictions amidst a deadlier second wave. The modest improvement in discretionary demand that was witnessed in the previous quarter, aided by easing supply-side bottlenecks, was stalled in the June quarter as a result of economic disruptions caused by the second wave. Profit at the operating level also reported a sequential drop of 8.9%/9.3%, weighed down by elevated commodity prices, higher advertising and marketing spend, and negative operating leverage, thereby resulting in operating margins contracting to five-quarter lows.

Download the latest review

View All Reports

Research Quicklinks
Updated on: 01/12/2021
Quick Links