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Jiten Parmar, Partner, Aurum Capital, says “some of these stocks are trading at multiples of like 50 times at probably peak margins with EBITDA margins of more than 25% which we believe is unsustainable. Also, we have to understand that there is a lot of capacity coming up, so that always kind of basically makes us cautious. Many of the names are doing expansions and whenever there is expansion by a host of names or most of the players in the industry, we have seen through our cyclical investing and experience that a glut happens and then the sector goes and stocks go for a toss for quite a few years. We do not want to get caught into that situation.” Before we talk about markets, I want to understand the psychology of the market right now. In smallcap, midcaps and largecaps – there seems to be an underlying nervousness on the Street, whatever could be the reason. Lower voter turnout, a firm stand by RBI on lenders –there could be a variety of reasons. How should one approach the market right now? Jiten Parmar: Short-term, the reasons could be anything. In this frothy market, the primary reason according to me is overvaluation and then we assign reasons to corrections. But yes, there could be some political nervousness because of the lower voter turnout as you mentioned, that could be one of the reasons why the market wants to be a bit on the sidelines and maybe some people are taking some money off the table.

Federal Reserve to raise interest rates again, and officials have made it clear that they see further increases as unlikely. But one important takeaway from recent Fed commentary is that unlikely and inconceivable are not the same thing. After the central bank held rates steady at 5.3% last week, Fed Chair Jerome Powell delivered a news conference where what he didn't say mattered.

Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. Brent futures rose 37 cents, or 0.4%, to $84.24 a barrel, while U.S. West Texas Intermediate crude grew 41 cents, or 0.5%, to $79.64 at 0003 GMT.

As we report, the disintegration of the old order is visible everywhere. Sanctions are used four times as much as they were during the 1990s; America has recently imposed “secondary" penalties on entities that support Russia’s armies. A subsidy war is under way, as countries seek to copy China’s and America’s vast state backing for green manufacturing.

As policy-wonk buzzwords go, few are more important these days than “ample." What that word means, or rather what the Federal Reserve thinks it means, has become a $7.4 trillion question hanging over the U.S. economy. The issue is the Fed’s balance sheet, which currently stands at about that level.

BEIJING — European companies in China are finding it harder to make money in the country as growth slows and overcapacity pressures increase, according to a survey released Friday by the EU Chamber of Commerce in China.

Two-wheeler sales in India will surpass pre-Covid peak either this fiscal year or the next, Sudarshan Venu, managing director at TVS Motor Company, said, indicating a broad-based revival in the economy where demand for entry-level two-wheelers have been languishing in the last few years due to a sharp rise in acquisition costs and the pandemic's financial impact. Domestic two-wheeler sales totalled 17.9 million units in FY24, recovering from a low of 13.57 million units in FY22 but falling short of peak sales of 21.18 million units in the pre-Covid year of FY19. Venu said the Indian economy is in a «good situation» with inflation under control, which will drive consumption going forward.

The Bank of England is expected to maintain interest rates at a 16-year high of 5.25% Thursday, but a cut wouldn’t be a huge surprise as inflation falls from multi-decade highs

The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale

The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target

Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households

Police in Vietnam say they have arrested a senior official of the country’s labor ministry for “deliberately disclosing state secrets.”

The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week in another sign that the labor market may be softening

China reported Thursday that its exports and imports returned to growth in April, suggesting that demand is improving despite an uneven economic recovery

U.S. stocks rose to pull the S&P 500 back within 1% of its record following a rough April

Finance minister Nirmala Sitharaman on Thursday said eastern India has potential to emerge as the country's growth engine with a decisive push to industrialisation, adding that a mineral-rich state like Jharkhand must get rid of rampant corruption to draw businesses. Pitching for a change in governance, the minister said Jharkhand has been reeling under rampant corruption, migration and lawlessness. The state is ruled by a coalition government led by the Jharkhand Mukti Morcha and the BJP is the main opposition party. Sitharaman was speaking at an event on «Eastern India: Engine of Growth For Vikshit Bharat» in Ranchi. The minister reiterated that India would become the world's third-largest economy «in the coming year or so» from the fifth-largest, as announced by PM Narendra Modi.

All eyes will be on Canada’s job numbers tomorrow for clues not only on how the economy is faring, but also what the Bank of Canada might do next.

QI Research CEO Danielle DiMartino Booth and Parametric Managing Director for Fixed Income SMA Nisha Patel discuss the impact inflation is having on the U.S. economy on 'Making Money.'

MUMBAI : State Bank of India (SBI) on Thursday expressed confidence in growing its credit book by 14-16% in the current fiscal year, reflecting the general optimism around domestic growth, after delivering stellar results for the March quarter and FY24. “Once again, we have delivered excellent numbers," chairman Dinesh Khara told media persons after announcing the bank’s financial results on Thursday. “Our net profit for the fiscal year FY24 is the highest ever." However, India’s largest lender’s projected deposit growth of 12-13% for FY25 would continue to lag its expected growth in credit, a phenomenon plaguing the entire banking industry.

The country’s largest paint-maker saw demand in rural regions impacted due to inflationary pressure, contracting volume growth but reported a double-digit growth in urban areas.

ANI, said that the governments of Maldives and India understand what has happened and they have passed that stage now. Also Read: Maldives Foreign Minister Moosa Zameer gets brutally trolled over India visit, ‘Where's your apology?’ "We have said that it's not the stand of the government or we believe that it shouldn't have been done. We are taking proper action to make sure that this doesn’t get repeated.