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Anthony Heredia, MD & CEO, Mahindra Manulife, says “smallcaps are clearly the winner of the last three to six months, but we personally believe that investors should be thinking about diversifying across caps at this point and within that, either you look at multi or flexi cap or you choose largecap from a three- to five-year perspective is our view.”The Street is shouting that the smallcap and the midcap end of the market is getting very crowded and very stretched but the retail end of the market continues to pour in record numbers in mutual funds via the SIP data. What is your view?The numbers look very positive and it is not just the SIPs; at least the August month data seems to be an all-round success. Obviously, small and midcaps continue to see flows, but you will interestingly see that a number of NFOs that were there in the month in sectoral or multi-cap themes did equally as well and the SIP numbers continue to be strong. I have said before that SIP numbers in 24 months from now will be at least double of what they are today because given the market valuations, SIPs is not just a great way for retail investors to participate but a lot of high net worth investors are also using the systematic route either through SIPs or STPs to come in. So, all around, it is a very good show from the industry standpoint.

Nifty50 stocks surged to reach new 52-week highs. These stocks include Maruti Suzuki India, HCL Technologies, LTI Mindtree, and Titan Company. The data was sourced from StockEdge at 2:20 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Bino Pathiparampil of Elara Capital, says: “We have identified the cheapest stocks on a PEG basis and from among them, we have identified a few lists of stocks, which potentially look pretty attractive. Those include among the midcaps – Power Finance Corporation, Samvardhana Motherson, NHPC; among pharma names, Lupin and Aurobindo; among cement names, Dalmia Bharat and JK Cement, Zee Enterprises etc. “In the smallcap space that includes SJV and Bharat Dynamics, PVR Inox, J&K Bank, PNC Infratech, Marksans Pharma and Gabriel India. These valuations are still not stressed on a growth-adjusted basis, and we see potential for rerating from significant capital inflows into the mid and smallcap space.”What do you think is the cause of the stellar rally that we have witnessed? Do you think it is just a pullback from the earlier underperformance? Is it here to stay?We have seen a great rally in the small and midcaps in the last few months in this calendar year. We did some analysis to see how the outperformance of the rally pans out over a longer period. If we look at a 10-year timeframe, the smallcaps and midcaps have outperformed the Nifty by about 600 to 600 bps on the mid-cap index and 300 plus bps annualised for the smallcap index. But this outperformance comes down significantly if you look at the last five-year timeframe.

CA Rudramurthy BV, Founder, Vachana Investments, says “I feel personally that in railways, power, the big move has already happened. I would definitely suggest at least partial profit booking, if not full profit booking and no shorting any of these counters whatsoever. But you have to find good stocks like Power Finance Corporation, REC which were all very good at 120, 130 levels but not so after 150% up move. I will be cautious in these areas and I will book profit.”Right now, are you bullish or cautious?Definitely cautious because we have already seen a very swift move from 19,200 to now levels closer to 20,000. No doubt at index level still, we might be left out with some more steam but I do not want to play the last 5-10% kind of a move on index on the long side. Rather, it is better to be cautious but I do not suggest you any shorting because I do not find any trigger for the market to come down.

midcap stocks surged to reach new all-time highs. Notable midcap stocks include Indian Railway Finance Corporation (IRFC), JSW Energy, Tata Communications, Devyani International, NHPC, REC, Oberoi Realty, Bharat Forge, Federal Bank, and Shriram Finance. The data was sourced from StockEdge at 2:00 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

China at the heart of the government in London, sparking fresh fears over how Beijing gathers intelligence. The incident follows allegations earlier this year that China flew a surveillance balloon over the United States, causing a diplomatic furore.

«A lot of people were in denial mode but there is a major market shift. 55 is the new 32 for TVs,» said Avneet Singh Marwah, CEO at Super Plastronics Pvt Ltd, which is a brand licensee of five major global brands — Thomson, Kodak, Blaupunkt, Westinghouse and White-Westinghouse (trademark of Electrolux). Yet, this potentially implies more than just consumers' increasing preference for viewing thrilling sports or dramatic productions on a bigger screen.

WhatsApp is gearing up to introduce a new feature that promises to reshape the way users connect and communicate across different messaging platforms. According to The Verge, this new development was unveiled in a recent WhatsApp for Android beta update (version 2.23.19.8).

Atul Goyal, CFO, Brigade Enterprises, says “mid-income housing is doing very well. I will say houses in a price range of around Rs 50-60 lakh to Rs 1.5 crore or so. Our luxury housing is also doing well. There is a lot of demand for that. But 62% to 65% of sales today is in mid-income housing and we think that they should do well going forward and there are reasons for that because there is interest there.”Just wanted to get in a view as to what the outlook is when it comes to the festive season fast approaching. What are the expectations this time around as compared to last year?Expectation is very good.

For Simon Molnar, rumours of the death of the retail store have been greatly exaggerated.

Square’s day-long payment system outage has attracted the attention of the Reserve Bank, which is considering whether the Block-owned company should be forced to start disclosing when its technology goes down, so small businesses can compare its reliability against banks’ terminal offerings.

Ircon International share price surged 19.3% to touch a 52-week high of ₹159.25 apiece, Rail Vikas Nigam share price jumped 17.6% to hit a 52-week high of ₹191.40 apiece, and Indian Railway Finance Corporation (IRFC)share price rose 10% to touch a 52-week high of ₹84.76 apiece on BSE. According to to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, these railways stocks have seen strong traction in the September month as Ircon International stock is up by 38% , Rail Vikas Nigam is up by 41% and IRFC stock is up by 68%, respectively. The momentum is strongly in favours of bulls but post a strong move in just 10 day, the indicators are in overbought.

Indian Foreign Service officers played pivotal roles in India's successful bid to secure a consensus at the recent G20 Leaders Summit. As per a TOI report, these officers, working closely with India's G20 sherpa Amitabh Kant, were instrumental in navigating the challenging negotiations that spanned over 200 hours, involving 300 bilateral meetings and 15 draft revisions. Announcing the achievement on the microblogging site X, Amitabh Kant shared his appreciation for the tireless efforts of these diplomats.

V Vaidyanathan, MD & CEO, IDFC First Bank, says “currently my direct shareholding and holding in the trust – I also run a social trust which has 50.9 lakh shares of the bank– as of June 30, was 0.58%. After this transaction, it will increase to 1.04%. So effectively, this transaction is increasing my holding and that is important to note. And including the options yet to be converted, my holding will be 1.23% in the bank. GQG had already bought close to 3.9% or 4%. Together with this, they will probably go to around 4.7% that is my understanding. ”The market perceives that when promoters are selling out, it means that they feel that the stock is richly priced or they feel that the franchise value has lived up to its expectations but that is not the case in IDFC First Bank. What prompted you to sell your personal stake to GQG Partners?First of all, thanks for asking that question.

WhatsApp is reportedly working on bringing «third-party chat» support on Android in order to comply with the new European Union (EU) regulations. The new feature will offer users the ability to communicate with each other using different apps, according to WABetaInfo.

On Monday, Bitcoin price experienced a minor decline of 0.50%, trading at $25,742. This shift in value comes amidst India's contemplation of regulating the cryptocurrency sector in alignment with the IMF-FSB guidelines. 

India, Delhi and Riyadh have explored the possibility of offering artist residencies and holding joint training programmes in cultural domains such as film, culinary arts, and visual arts. The two sides have also discussed mechanisms for preserving intangible cultural heritage and historical sites. These programmes will introduce Indians to Saudi culture and vice versa and will foster mutual understanding and collaboration in various fields, Saudi Minister of Culture Prince Bader bin Abdullah bin Mohammed bin Farhan Al Saud told ET’s Dipanjan Roy Chaudhury in an exclusive interview.Q: The Ministry of Culture’s recent participation in the 4th G20 Culture Ministers' Meeting highlighted the importance of cultural cooperation among nations. In what ways has the Kingdom of Saudi Arabia contributed to the G20 Cultural Track?A: The Kingdom’s contributions to the G20 Cultural Track stem from our belief that culture is fundamental to the human experience, as it both expresses and shapes our humanity.

Shishir Joshipura, MD & CEO, Praj Industries, says “this initiative will create a pathway for us, a very-very constructive dialogue with several countries where it is possible for those countries to emulate what India did and actually benefit from that because biofuels have multifaceted benefits for the society. From the social angle, it creates jobs in rural areas, from the economic angle obviously it creates a lot of wealth in the country and for an energy importing country, it makes immense sense to produce your own energy.”The prime minister in the G20 Summit launched the Global Biofuel Alliance (GBA) and also invited all the other countries to join this particular initiative. How are you reading into this development?This is one of the most important developments that has taken place in recent times, inviting a global forum for biofuel alliance.

edtech titan Byju’s has made a surprise repayment proposal to lenders, in which the firm has offered to pay back its entire $1.2 billion term loan in less than six months, according to people familiar with the situation. The company is offering to repay $300 million of the distressed debt within three months if the amendment proposal is accepted and the remaining amount in the subsequent three months, said the people, who asked not to be identified because the talks are private. The lenders are reviewing the proposal and are seeking more details about how the repayment will be funded, the people said.

A Russian political chief thinks the Central Bank could scrap caps on the amount of digital ruble tokens foreigners are allowed to buy – a move that could allow non-Russians to buy “millions” of CBDC coins.

pay by car' has emerged as the latest innovation. Amazon and Mastercard-backed ToneTag have launched a new service, integrating the Unified Payments Interface (UPI) with your car's infotainment system, ushering in a new era of convenient and smartphone-free digital payments.MG Hector, in partnership with Bharat Petroleum, recently showcased the tech that will let you make payments directly from your car, eliminating the need for a smartphone or other handheld devices. Here's how 'pay by car' works: When you drive up to a fuel station, your car's infotainment system displays the fuel dispenser number.