Usa Financial News

Is the Indian Market Index expensive? The easiest answer which comes to ones’ mind is “Yes”. Nifty is at all-time high and trading at ~20x one year forward, hence on an absolute basis in line with its last five years’ average. On a relative basis, it trades at a premium of ~88% to MSCI EM and 26% to MSCI World index, making India arguably one of the costlier markets. However, a) The Quality of Earnings and macro situation is not similar to India’s past b) Indices are not comparable to their historic past. The Indian economy is going from strength to strength with most economists increasing their estimates from 5-6% to 7-8%. If one were to add 4-5% as inflation, Nominal GDP could grow at 11-13%. India is adding US$ US$ 1 trillion in 3 years so assuming a MCap to GDP ratio it can add >US$ 1.25 trillion incrementally every 2-3 years, for the broader markets or over 10-15% p.a. The PAT as % of GDP to has increased from 1.9% lows in F2020 to over 5% currently and we will not be surprised if it doubles in the next 5 years if the profit growth is twice the GDP growth in a blue sky environment. Then one could argue of a higher MCap to GDP multiplier of 1.5-1.75 x. Our bottom up analysis in JM PMS estimates NIFTY 50 to grow at 15% plus p.a., with broader base contribution from many industries as against the financial industry historically. The indices have had material changes in the last decade, almost 17 stocks or 35% of the no. of stocks have been reshuffled in the Nifty 50, and in most cases the stocks which have entered are much higher PEs.

PTI. In addition to this, Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement. "The focus will shift towards Q3 earnings, with key players such as HDFC Bank, HUL, Asian Paints, IndusInd Bank, and Ultratech Cement set to announce their results.

regulatory sandbox approach to deal with issues related to crypto products and services, economic think tank GTRI said in its report on Sunday. Regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may (or may not) permit certain relaxations for the limited purpose of the testing. The Global Trade Research Initiative (GTRI) said that in the light of crypto's acceptance in the regular financial system in the US, it remains to be seen how India's crypto policy evolves in coming months.

Federal Reserve poised to lead the charge for richer countries. Traders boosted bets on how aggressively the Fed will lower borrowing costs this year after a report showed prices paid to producers continued to fall in December. Even so, the path to taming inflation will be bumpy, as a measure of consumer prices rose by the most in three months. Similar metrics in Norway and Chile eased in December, while Argentina ended the year with inflation above 200%.

real estate has been considered a very safe and stable option to park hard-earned savings. As a standard, across the world, real estate is always going to escalate in value, and over time, as the global economy continues to evolve, investors are increasingly exploring opportunities beyond their borders.

Apple Inc. is shutting a 121-person team related to artificial intelligence operations in San Diego, leaving many employees at risk of termination, according to people familiar with the matter. The group, known as Data Operations Annotations, was told Wednesday that they would be relocating to Austin to merge with the Texas portion of the same team, said the people, who asked not to be identified because the plans haven’t been announced.

Gold, reeling under hotter than expected December US CPI inflation data released on Thursday, caught a bid Friday as the US and the UK launched airstrikes on Iran-backed Houthis' targets in Yemen to stop shipping attacks in the Red Sea. In a reaction, the Yemeni Group vowed to retaliate with an urgent response in the form of a move that intends to target all US and UK interests alongside those linked to Israel. The strike by the US and UK, which included more than 70 airstrikes on Yemen targets, risks spreading fallout from Israel-Hamas war, which, in the worst-case scenario, can drag in other regional powers more directly. It is to be noted that earlier in the week, Houthis launched their biggest shipping attacks and Iran seized an oil tanker off the Coast of Oman. The US government has not ruled out more strikes on the Houthis targets.

While the overall trajectory for markets remains positive in the coming week, there are several factors that will decide the sustainability of gains. “The Q3FY24 earnings season will be the biggest factor in driving the market movement,” said Arvinder Singh Nanda, senior vice president, Master Capital Services. Some of the major companies like HDFC Bank and Reliance Industries are scheduled to release their earnings in the week ahead. Besides earnings, global markets, corporate actions, and fund flows will also decide the course of action for Dalal Street.

Vikas Khemani, Founder, Carnelian Capital Advisors, says: “We do not buy pharma because it is a defensive. We bought pharma because it is growing. Pharma was not going anywhere in the last seven, eight years, except for the last one year or so. We think that the seven-year cycle is over. We are beginning to see a very interesting trend developing in the segment, both from a US market perspective, as well as the domestic market perspective. We think the underperformance of seven, eight years will catch up. We think that is where big money can be made.” Surprised by what TCS and Infosys have managed to do, just so beaten down in terms of sentiment and even an inline set of numbers or a slight beat is what the Street gets impressed with? Vikas Khemani: I mean, you know that I mean, we have been quite positive on the IT sector for quite some time.

Ecuador prison officials taken hostage by inmates have been freed, the prisons authority said Saturday, as the country grapples with a brutal campaign of gang terror. The 24 guards and 17 administrative employees had been «released,» the SNAI prisons agency said without providing details, while 133 guards and three employees continue to be held hostage.

South Africa says more than 50 countries have expressed support for its case at the United Nations' top court accusing Israel of genocide against Palestinians in the war in Gaza. Others, including the United States, have strongly rejected South Africa's allegation that Israel is violating the U.N. Convention on the Prevention and Punishment of the Crime of Genocide. Many more have remained silent.

MSCI China gauge already down more than 4% so far this year. It capped a third straight annual decline in 2023. “The bigger picture is that the weak demand is leading to a deflationary environment, which particularly bodes ill for businesses that cannot achieve higher volumes with lower prices," said Daisy Li, a fund manager at EFG Asset Management HK Ltd.

Ayodhya, Uttar Pradesh, later this month, the Vishwa Hindu Parishad (VHP) of America organised an Epic Tesla Musical light show in Maryland state. https://x.com/ANI/status/1746308664489923019?s=20

Deputy national security advisor (NSA) Vikram Misri will represent India at a peace meeting on Ukraine in Davos this weekend and is expected to suggest creation of a formula that is acceptable to all sides. India will emphasise on a holistic approach to creation of peace formula that should involve presence of all stakeholders in talks and the process for a durable peace, said people with knowledge of the matter. Misri will drive home India’s long-standing position on dialogue and diplomacy as the way forward to end the conflict, they said. This is the fourth edition of peace talks under the Copenhagen format led by NSAs.

Netflix's acquisition of the sitcom "Lopez vs. Lopez" for its US audience in 2023 raised hopes for a second season. However, uncertainties now surround its future on the streaming platform. Netflix's Acquisition and Debut

Taiwan elections 2024: Lai Ching-te, candidate of the ruling Democratic Progressive Party's (DPP), won the Taiwan election held on Saturday, January 13. Both China and the United States reacted sharply to the latest polls as the DPP secured unprecedented third consecutive term in the nation. Taiwan's election took place at a time of growing geopolitical tensions between Beijing and Washington.

Jaishankar will meet Foreign Minister of Iran, HE Dr Hossein Amir-Abdollahian and hold discussions on bilateral, regional and global issues. "Political cooperation, connectivity initiatives and strong people-to-people ties will constitute important aspects of the agenda," the statement by the ministry added. Jaishankar and Amir-Abdollahian are also likely to discuss boosting regional connectivity through the Chabahar Port.

The Traitors. This intense psychological adventure offers a cash reward of $25,000 to the ultimate victor. As the season unfolds, it brings together 21 TV stars in a cutthroat battle where trust is a rare commodity, and betrayal lurks in the shadows.

NSA) Vikram Misri will represent India at a peace meeting on Ukraine in Davos this weekend and is expected to suggest creation of a formula that is acceptable to all sides. India will emphasise on a holistic approach to creation of peace formula that should involve presence of all stakeholders in talks and the process for a durable peace, said people with knowledge of the matter. Misri will drive home India's long-standing position on dialogue and diplomacy as the way forward to end the conflict, they said. This is the fourth edition of peace talks under the Copenhagen format led by NSAs.

Until recently, I never fully appreciated the meaning behind the excuse, “The dog ate my homework.” That changed this past summer with the arrival of Jasper, our new golden retriever puppy. Consistent with his breed’s genetic disposition, I noticed he was a quick study when it came to retrieving the newspaper from the front stoop. Unfortunately, by the time the paper made it inside, it was no longer readable as he had shredded it to pieces.

stormtroopers. No sooner had the 95-year copyright on the world's most famous rodent, Mickey Mouse, ended earlier this month, a couple of US movie-makers turned the lovable cartoon character created by Walt Disney and Ub Iwerks in 1928, into the scary star of two horror films. A YouTube trailer of the first, called Mickey's Mouse Trap, was released scant hours after the expiry of the copyright and showed a human in a Mickey mask terrorising a group of teenagers in an amusement arcade, while the accompanying onscreen text read: 'A place for fun.