Cycling Financial News

“The Nifty was ~18400 in Oct 2021 and is now up just 20% from those levels and largely tracking earnings. One can hardly call that a bubble,” says Harendra Kumar, Managing Director, Head-Institutional Equities & Global Research, Elara Securities India. In an interview with ETMarkets, Kumar who has over 20 years of experience in financial markets said: “New age internet companies, Real Estate, financiers and wealth managers – will see a good decadal rally,” Edited excerpts: We have seen quite a bit of volatility in markets post-budget but the good news is that Nifty managed to hold on to crucial support levels. What is your take on markets – is it profit-taking after the recent run-up? Harendra Kumar: For the headline index – we see no risk, as there has been hardly price appreciation in the headline index.

AT&T says it will give affected customers $5 each to compensate for last week’s network outage

₹26,168 crore so far in 2024. FPIs have sold ₹424 crore worth of Indian equities and the total inflow stands at ₹18,633 crore as of February 23, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. "An interesting feature of the FPI trend recently is the decline in FPI equity outflows despite the rising bond yields in the US.

Modi has asked his Cabinet ministers to prepare an «actionable, measurable and clearly defined» plan and present it in the meeting of the Council of Ministers on March 3, government sources said on Saturday. It may be noted that Modi in the last Cabinet meeting on February 21 had asked his ministerial colleagues to prepare an action plan for the next 100 days. He has asked them to undertake extensive consultation, including with experienced people like senior bureaucrats, those working on the ground and domain experts, before mapping out their action plan, the sources said.

smallcap stocks run up too high? Is this rally in smallcaps going to continue further? Or are we going to witness a brutal crash? If you are an investor, then these questions must be bothering you right now. Let us help clear these doubts. Here’s a quick summary of what’s driving this rally.

DePIN is taking off in a big way, and GameFi looks like the next breakthrough narrative. The rush has started to find the best cryptocurrencies to buy in these verticals, and everyone knows that in the bull market, narratives are king. Filecoin ($FIL) and Render ($RNDR) pump as DePIN gets hot, and as GameFi gains traction, small caps like Galaxy Fox ($GFOX) are starting to explode.

scattered to fairly widespread light to moderate rainfall/snowfall accompanied with thunderstorms and lightning has been predicted over Jammu-Kashmir-Ladakh-Gilgit-Baltistan-Muzaffarabad on 26 February and over Himachal Pradesh and Uttarakhand on 26 and 27 February. In Uttarakhand, the weather office has predicted very light to light rain/ thunderstorm at isolated places in Uttarkashi, Chamoli and Pithoragarh districts of Uttarakhand and very light to light snowfall at a height of 3000 meters and above in the above-mentioned district. “Dry weather likely to prevail in remaining districts of Uttarakhand," IMD said.

Chris Wood said he continues to believe that India is the best equity story in the world on a ten-year view. In his GREED & Fear newsletter, Wood said the Indian market-especially mid-caps-looks expensive but these valuations must be seen in the context of acceleration in growth led by a developing capex cycle. According to the report, Indian equities outperformed the world in dollar returns in the 11-year period between FY02 and FY12 when the country witnessed a private capex cycle.

green hydrogen as storage, people familiar with the development said. The plan under the National Green Hydrogen Mission may offer financial assistance in the form of contract for difference (CFD) or viability gap funding, they said. An initial 100 MW capacity pilot project could be considered under the scheme, they said. «Discussions are on,» said one of the persons. The government is examining options for financial assistance, which could also be from the National Green Hydrogen Mission (NGHM), the person added. This will mark the first step in the bundling of green hydrogen to generate round-the-clock power. Green hydrogen refers to gas produced using renewable sources. The NGHM was launched in January 2023 with an initial outlay of ₹19,744 crore, which included ₹17,490 crore for the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme and ₹1,466 crore for pilot projects.

farmers’ protests bother you? Perhaps not, once you recognize the parallels between farming and investing, provided you take a closer look. Consider your approach to investments. Do you exhibit the same patience as a farmer does with their crops? Have you ever witnessed a farmer shouting at their crops? Contrastingly, you often find new investors expressing frustration when the market doesn’t align with their expectations.

The L&G Euro High Yield, L&G US High Yield and L&G Emerging Markets High Yield Bond funds will focus on the «higher quality» segment of the below investment grade market. Martin Reeves will lead the global high yield team in managing the funds. LGIM aims to follow the investment approach of the £720.3m L&G Global High Yield Bond fund, which launched in November 2015, while offering «granular» geographic exposure through the regional strategies. Update: LGIM proposes open-ended property fund restructure to hybrid model «As we reach a critical phase of the market cycle, we believe a ...

Goldman Sachs is upbeat about the economy this year. Its economists see healthy growth of 2.3%, unemployment staying below 4%, and the probability of recession at just 15%—all more optimistic than the consensus. And they see inflation, excluding food and energy, continuing to fall, to a little over 2% (using the Federal Reserve’s preferred measure) by year-end.

Equity mutual funds are pooled investment vehicles enabling participation in various stocks from various sectors. Professional fund managers assemble and operate these diversified portfolios, aiming to generate inflation-beating returns over extended timeframes by harnessing the strengths of India's corporate growth story.

Graphite India and HEG share prices rose more than 6% in morning trades on Thursday. The share prices already have already risen 68-78% in a year as both stocks scaled 52-week highs in first week of the current month. Graphite India and HEG ltd though are seeing volume growth as was visible in their quarterly performance during December quarter, all eyes are on the improvement in operating performance that can lift their earnings.

After more than a year of rate-tightening cycle, economies world over are likely to see liquidity conditions ease and interest rates trend lower later in 2024. In such a scenario, Arindam Mandal, portfolio manager at Marcellus Investment Advisors anticipates a gradual return to the traditional 60/40 model of asset allocation for the average investor, consisting of 60% equities and 40% bonds. “This allocation strategy endured a challenging period over the past couple of years. Historically, election years have often translated to favorable returns, providing a promising outlook for the calendar year ahead,” Mandal said in an interview with ETMarkets. For Indian investors, Mandal recommends a 70% allocation to domestic equity and a 30% allocation to global equity, striking a balance between local opportunities and exposure to international markets. Edited excerpts:

By Amruta Khandekar and Bansari Mayur Kamdar

By Stephen Nellis

India Inc. is likely to give an average pay hike of 9.5% in 2024, marginally lower than last year’s actual salary hike of 9.7% amid tepid business sentiment in sectors like technology, consulting and services, e-commerce, and retail. The salary hike forecast for the Indian market was announced by Aon plc, a global professional services firm, in a virtual press conference on Wednesday. The projections are based on data from 1,414 companies covering nearly 45 industries.

Also Read: High time India Inc picks up the baton to further capex: RBI bulletin "Bond yields tend to move in advance of rate action and investors can look to increase allocation to Fixed Income as we expect long bond yields to keep drifting lower and expect the benchmark 10-year bond yield to go lower towards 6.50% by Q2/Q3 CY24," said Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund. The Indian bond market gave up some of its exuberance on the back of higher global bond yields but remained bullish with the longer end of the curve outperforming decently. On Wednesday, the Indian government bond yields trended down, led by recent foreign buying, while no fresh supply for the rest of the financial year also aided sentiment.

A look at the day ahead in European and global markets from Ankur Banerjee

What are the choices for monitoring and estimating recession risk? Slightly lower than the number of stars in the universe. Ok, I’m exaggerating, but not much.