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US stocks has showered money on the buy-and-hold faithful and made virtually every other asset class an also-ran. So great have the gains been that some fairly simple math shows that however roaring the 2020s turn out to be, reprising the last decade’s bounty will take near-miracle expansions in earnings and valuations. The math comes courtesy of Jordan Brooks, a principal at AQR Capital Management. He analyzed drivers in the market that account for gains of almost 12% a year since 2013 versus inflation-adjusted rates on cash.

Sunny Agrawal, Head of Fundamental Equity Research, SBI Securities, said. In an interview with ETMarkets, Agrawal said: “BFSI, Real Estate, Auto, Cement, Engineering/Cap Goods, Infra, Railways, Defence, Renewables, IT, Biofuels etc are the preferred picks for next 12 months,” Edited excerpts: Sensex touched 70K while Nifty50 was above 21K – we got a Fed boost towards the close of the week. What is your view on the market? From the next 6 to 12 months perspective, we expect the domestic equity market to remain buoyant and have room to further go up by 8-10%.

U.S. stocks closed modestly lower on Friday, the last trading day of 2023, capping a robust year-end rally as investors eyed easier monetary policy in the year ahead. The stock market has seen remarkable upward momentum in the closing months of the year, powering all three major indexes to monthly, quarterly and annual gains. For the year, all three posted double-digit growth. «On January of this year, 363 days ago, if I said I think the S&P is going to gain more than 20% in 2023, you would have put me into the slightly nutty category,» said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York.

Gold vs stock market: As we welcome the dawn of 2024, it is important to scrutinize how different risky assets delivered in 2023. After end of last trade session of 2023 on Friday, Nifty 50 index has given 19.42% return in YTD, BSE Sensex surged 18.10% in 2023 whereas Nifty Bank index gained around 11.80 per cent in 2023. In year-to-date (YTD) time, small-cap index skyrocketed 46.30% while mid-cap index shot up 44.70 per cent in this time.

equities in 2023 were the highest ever in a calendar year as optimism over the economy's prospects in a slowing world, the US Federal Reserve's signal that it will cut rates in 2024 and expectations of the Bharatiya Janata Party returning to power in the next year's general elections drove a flood of money into stocks here. Market watchers said overseas investors may be less enthusiastic about pumping similar amounts into Dalal Street in the new year with rich share valuations seen as the key deterrent to large allocations. Foreign portfolio investors poured ₹1,74,663 crore into the domestic stock market in 2023, bettering the previous record of ₹1,72,849 crore in 2020.

IT ministry to block their URLs for not adhering to regulatory norms is expected to level the playing field, Indian crypto exchanges have said. The move may lead to a resurgence in Indian exchanges, they said, as many investors who had shifted to trading on global exchanges to save on tax are expected to return to local ones now. «The major impact will be on the trading activities on the foreign crypto bourses, and we may see a significant shift of trading volume to Indian exchanges, which are FIU-compliant,» said Shivam Thakral, CEO of BuyUcoin, India's second-longest-running digital asset exchange. WazirX native token WRX was up 23% at the time of going to press.

Gil de Ferran, the 2003 Indianapolis 500 winner and holder of the closed-course land speed record, died Friday while racing with his son at The Concourse Club in Florida, multiple former colleagues confirmed to The Associated Press. He was 56. Fellow Brazilian driver Tony Kanaan said de Ferran was with his son, Luke, at the private course in Opa-Locka, Florida, when he pulled over and said he wasn't feeling well.

The coveted and highly specialized software tool, known by its initials of OPC, is used in the design of many microchips and is crucial to the design of advanced chips.

Himachal Pradesh and Uttarakhand, dense fog like conditions are expected to continue during morning hours until January 2. In areas of north-east region of the country that includes states such as Assam, Meghalaya, Nagaland, Manipur, Mizoram and Tripura, dense fog like conditions are expected to continue during morning hours until December 31.

ReBoot.The pioneering program was the first full-length 3D animated show on TV, predating even Toy Story.Produced in Vancouver by Mainframe Entertainment, it aired on YTV between 1994 and 2001, and decades later still has a committed fan base.Among those super fans are Jacob Weldon and Raquel Lin, a B.C.

economics student from the Class of 2024 at Delhi University's Lady Shri Ram College for Women (LSR) has landed a job with an annual salary of ₹48.9 lakh offered by a global bank for a domestic role. That's a record for the college, and possibly the university, coming as it does amid a market slump and macroeconomic headwinds. At LSR, it's up from last year's high of ₹44 lakh. «The banking firm does not wish to be named,» said Kanika K Ahuja, professor, department of psychology, and convenor of the placement cell at Lady Shri Ram College for Women.

The Indian mutual fund industry has been witnessing a remarkable surge in interest among investors in recent times with the Assets Under Management (AUM) growing by nearly 21 percent to touch ₹49.05 lakh crore as on November 30, 2023, up from ₹40.38 lakh crore as on November 30, 2022. At the current levels, the industry is almost halfway through its targeted aim of achieving an AUM of ₹100 lakh crore over the next few years.

BEIJING (Reuters) -Chinese online retailer JD (NASDAQ:JD).com said on Friday that it won a lawsuit against rival Alibaba (NYSE:BABA), which was fined 1 billion yuan ($140.68 million) for monopolistic practices.

(Reuters) — A U.S. judge on Friday ruled against Corcept Therapeutics (NASDAQ:CORT) in a patent infringement lawsuit the pharmaceutical firm had brought against Teva Pharmaceutical (NYSE:TEVA), sparking a frenzied stock sell-off.

For the first time in more than two decades, the top three movies at the box office this year didn't include a sequel or a remake

U.S. stock futures are little changed Friday as the market puts the wraps on a year of surprisingly robust gains

The S&P 500 closed out 2023 with a gain of more than 24% as easing inflation, a resilient economy and the prospect of lower interest rates buoyed investors, particularly in the last two months of the year

By Davide Barbuscia

In a note to clients this week, analysts at Macquarie Research reiterated MGM Resorts (NYSE:MGM) and Caesars Entertainment (NASDAQ:CZR) as their gaming industry top picks that have Vegas exposure.

By Lewis Krauskopf

government's fiscal deficit in the first eight months of this fiscal year hit 50.7% of the annual target, compared with 58.9% a year before, as a tight leash on spending in recent months on top of improved tax collections kept the deficit under control, according to official data released on Friday. In absolute terms, the fiscal deficit until November dropped below the level a year earlier, for the first time this fiscal year. Between April and November, the deficit touched ₹9.07 lakh crore, compared with ₹9.78 lakh crore a year before. The fiscal gap in November narrowed more than a half to ₹1.03 lakh crore from ₹2.20 lakh crore a year earlier, thanks to lower tax devolution to states, a contraction in revenue spending and only a marginal increase in capital expenditure. The lower deficit further lends credence to the official assertion that the FY24 deficit target of 5.9% of GDP will be met, amid fears the nominal economic growth may trail the budgeted goal (10.8% after the base revision).