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Demand for retirement income solutions, improving economic conditions, and demographic shifts will all continue to contribute to rocketing sales of individual annuities in the U.S.

Stock markets will suffer in the first quarter of 2024 as a rally in bonds would signal sputtering economic growth, according to Bank of America Corp.’s Michael Hartnett.

Back in June, when China’s youth unemployment rate hit a record 21.3%, Western analysts saw it as a sign of a moribund recovery. China’s ministry of statistics responded by announcing it would no longer publish the statistic. Six months on, that move might have had the desired effect.

funding winter this week, with $108 million being pumped into across 12 rounds, according to data from market intelligence firm Tracxn. The week, however, recorded the largest fundraise for an India-based AI startup with a $41 million investment in Sarvam AI. Investment in startups fell 79% in the December 4-8 week, from $514 million across 38 funding rounds in the same period a year ago. Sequentially, however, funding activity saw a surge of 81%, compared to $59 million raised across 18 rounds, last week.

By Paul Carsten

Gold prices hit another record high this week after a roaring 2023, and a combination of geopolitical tensions and continued central bank buying should see demand remain resilient next year, according to the World Gold Council.

An Indiana county judge has ruled that a contested state law that stipulates candidates for a party must vote in two primaries with the party they are affiliated with is unconstitutional

The year received $7 billion in total funding until December 5, a significant decline of 72 per cent, compared to $25 billion in the previous year.

Stocks extended gains to fresh record highs this week, as the local election results are seen diminishing risk of political upheaval in national polls next year. The NSE Nifty 50 Index is up 16% so far this year, outperforming most Asian peers as investors bet on strong earnings growth and improvement in domestic consumption as well as the likelihood of Modi winning a third term. Common futures trades by overseas investors target the Nifty 50 and Nifty Bank Index, among others.

Mahesh Patil, CIO, ABSL AMC, says “a lot of the domestic sector focus are looking good, especially the kind of value what we have seen in the industrials, capital good, the power stocks, the backbones of the economy. If that is starting to recover, then we could see the broader market sustaining. But the recent rally has primarily been in the largecap space which was lagging behind. We have seen a good amount of money flow in the mid and smallcap space, That seems to have turned around. “ It has been a historic week, stepping into a historic month. What is the market construct looking like to you? So, yes, I think this month has been fairly good. We have seen positive results from the electorate in the state elections. The markets have taken a positive outlook that the election outcome would be slightly favourable and globally, also, despite all the concern about growth slowdown, we have seen a decent amount of rally.

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RBI) kept the repo rate unchanged at 6.5 percent as expected and raised the FY24 GDP forecast to 7 percent from 6.5 percent earlier. However, it retained the FY24 CPI inflation forecast at 5.4 percent. The Monetary Policy Committee (MPC) of the central bank also retained its stance of remaining focused on “withdrawal of accommodation." Seconds before the announcement of the RBI’s policy actions, the Nifty 50 scaled the 21,000-mark for the first time.

Nifty 50, Sensex at record highs; how should you play large, mid, smallcaps? Nuvama underscored that midcaps are also expensive but they should still do relatively better than smallcaps. "Midcaps are also expensive at 26 times P/E (versus 20 times 10-year average), but the sizes and profiles of midcap businesses in India have improved significantly in the past five–seven years. Midcap premium of 28 per cent to Nifty valuation (versus 7-8 per cent average) is also not supportive.

Reserve Bank of India's decision to keep the repo rate unchanged for the fifth successive time at 6.5% is expected to support the housing property market and help sustain a consistent trajectory of growth in home sales. The prevailing momentum in mid-income and premium housing sales is expected to persist, whereas affordable and low-income housing, sensitive to interest rates, may experience a subdued pace. Responding to the inflationary environment, the central bank, through six successive increases since May 2022, had raised policy rates by a cumulative 250 basis points, taking the repo rate to 6.5% before hitting the pause in April. Following this, home loan rates are already hovering around 9% from a record low of 6.6% a year ago. “Both residential and commercial real estate markets may benefit from stable interest rates.

WhatsApp has unveiled its latest feature, View Once for voice messages, providing users with the ability to send self-destructing audio notes. Revealed in a recent blog post, this new feature follows the introduction of a similar one for photos and videos in 2021 and is designed to enhance user privacy. The disappearing voice notes feature aims to address concerns about the potential forwarding of voice messages, allowing users to share sensitive information without fear of it being passed on. WhatsApp highlighted the diverse scenarios in which this feature can be useful, such as sharing credit card details or planning surprises. «For reading out your credit card details to a friend, or when you’re planning a surprise, you can now also share sensitive information over voice message with added peace of mind,» the company explained in its announcement.

The Reserve Bank of India left the inflation aim unchanged at 5.4%. In the August policy, the RBI had raised its FY24 inflation forecast to 5.4% from 5.1%. The Reserve Bank of India's (RBI) Monetary Policy Committee unanimously decided to keep the repo rate- key lending rate- unchanged at 6.5% for the fifth time in a row.

While banks had raised their fixed deposit (FD) rates, the increases have not been close to the repo rate’s 2.5% rise. The RBI had raised its concerns about a shortfall in transmission in the interest rates. Banks have been facing tighter liquidity conditions and higher credit growth, which have also been pushing the rates up in the short term.

IMD) website. Delhi's Air Quality Index (AQI) stood at 349 on December 7 at 7:01 am, as per Central Pollution Control Board (CPCB). An AQI between 0-50 is considered 'good', 51-100 'satisfactory', 101-200 'moderate', 201-300 poor', 301-400 'very poor' and 401-500 'severe'.

Buy or sell stocks for today: On account of retreat in the US stock market and weakness in global market sentiments, Indian stock market snapped its seven days winning streak on Thursday. Nifty 50 index ended 36 points lower at 20,901 levels, BSE Sensex lost 132 points and closed at 69,521 mark whereas Bank Nifty finished marginally higher at 46,841 levels. However, broad market indices continued to climb new peak on yet another session.

Zomato: Svf Growth (Singapore) Pte, part of Japan’s SoftBank Group, will sell a 1.1% stake in food-delivery company Zomato Ltd Friday for an estimated ₹1,127.5 crore, or $135 million, as per the term sheet of the block deal. The floor price of the deal is set at ₹120.5 per share, a discount of about 1.1% to Zomato’s Thursday closing price of ₹121.80 on the BSE.

India Inc is tapping the low-cost private placement route to raise funds like never before. Fund mobilisation through corporate bonds that are privately placed has hit a record ₹8.97 lakh crore in 2023, with three weeks left in the year.