Economy Financial News

A lot of the outlooks Canadians read are about stocks down south, many focused on whether the bulk of them will catch up to the Magnificent Seven megacaps that have pretty much taken over the market, much to conservative investors’ chagrin.

By Brianna Solberg

BSE Sensex rose around 20 per cent in 2023, their second-best year since 2017, and were among the top-performing stock indexes globally. The broader small- and mid-caps gained about 55.62 per cent and 46.57 per cent in 2023, far outperforming the blue-chip indexes despite valuation concerns.

defence synergy and trade links in 2024 and remain steadfast in securing a free and open Indo-Pacific region. In a statement issued on Thursday, Mukesh Aghi, the President and CEO of the US-India Partnership Forum (USISPF) also said that as the world moves into 2024, now the fastest-growing major economy and the most populous nation in the world has a «bolder vision.

NEW DELHI : Output of eight core infrastructure sectors expanded 7.8% in November, but the growth was the slowest since June 2023, official data showed on Friday. This represents a decrease from the 12% expansion seen in October and is down from the 5.7% growth recorded in November last year. Coal and refinery products saw double-digit increases, while cement and crude oil production declined.

CNBC-TV18 quoted Finance Ministry as saying. The Finance Ministry said the momentum Indian economy gained in the second quarter of FY24 is likely to be sustained in the following December quarter of the fiscal year.

Also Read- Tata Consumer becomes sixth Tata Group stock to surpass ₹1 lakh crore market cap The broader markets too have not only seen handsome gains during 2023 but outperformed the benchmark with Nifty Mid cap index gaining more than 50%. PFC, REC IRFC with gains of more than 200% were biggest mid cap gainers. Nifty Bank rose for the third consecutive year but relatively underperforms, up 12.34%.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

By Shariq Khan

(Reuters) — U.S. stock index futures edged up in light trading on the final day of a turbulent 2023, with the benchmark S&P 500 and the Dow hovering around record-highs on growing expectations the Federal Reserve will cut interest rates early next year.

Investing.com — U.S. stock futures edged higher Friday, looking set to end a strong year on a positive note.

Investing.com — Wall Street looks set to end the year on a positive note, as traders await next week’s crucial payrolls report. Boeing received some positive news from China, while Nvidia launched a new gaming chip in the important Chinese market.

Making public market predictions is a bit of a mug’s game. Any market/economic prediction is, at best, a guess (note that we did not even say educated guess here), yet investors’ inboxes are still being filled with predictions for the next year.

As we exit 2023, all I can think of is how it was a year replete with dichotomies and divergences. An unprecedented gap emerged between real gross domestic product growth, which signalled a soft landing had been successfully engineered by the United States Federal Reserve, and real gross domestic income growth, which provided support to the minority view that a recession had arrived.

Indian economy is at a long-term secular megatrend where the relationship with the historical is being muddled with distinct secular drivers creating inflection that is of greater prominence for the current investment landscape. The risks to the macro are skewed towards the global slowdown, and geo-political mayhem that seed intermittent periods of volatility in the Indian equities market.

Sitaram Yechury on Friday said the inauguration of Ram temple in Ayodhya by Prime Minister Narendra Modi in the presence of other Constitutional functionaries was a «gross misuse of religious sentiments» for BJP's political gain. Addressing the media, Yechury said that the Constitution clearly defines secularism as the separation of religion from politics and the state. He said that the inauguration of the temple represents an overt politicisation of religion, which contradicts the principles of the Constitution.

loan repayment. Viral Bhatt, Founder, Money Mantra said, “2023 saw significant market volatility, with geopolitical issues, inflation, and interest rate hikes causing major fluctuations. This highlighted the need for investment strategies that could adjust to changing circumstances, rather than rigid approaches based on past performance." Mohit Ralhan, CEO, TIW Capital added, “2023 turned out to be a year of positive surprises on the macro front.

entrepreneurship in India can be attributed to the expanding opportunities fuelled by the country's growing economy as the rapid development in tech has created a favorable environment for diverse niche products, said Rohit Gajbhiye, Founder and MD, LEO1. “The availability of venture capital, the rise of incubators, and a pool of talented individuals further contribute to the flourishing entrepreneurial landscape," he told LiveMint. Also Read: What entrepreneurs expect from FM Sitharaman's Budget 2024? 1) Sachin Kataria: Leading many responsibilities at Nykaa, Sachin Kataria has experience at Unilever and Tata Consultancy Services.

Hiren Ved, Director & CIO, Alchemy Capital, says: “ From Covid, 31st March 2020 to December 2023. We have gone up 3.25x as a broad market and in that Covid shutdown, Covid recovery, wars, interest rate, oil prices, you name everything. If you take the total aggregate profits of the top 500 companies in March 2020 was about Rs 3,63,000 crore, roughly around Rs 4 lakh crore. In the first half this year, we did Rs 6.5 lakh crore. If I annualise it – usually the second half is better in India – we are talking about Rs 13 lakh crores. So, aggregate profits of the top 500 companies have gone from Rs 4 lakh crore to Rs 13 lakh crore, that is 3.75x.” Ved also says: “Market cap growth in last three-and-a-half years reflects earnings power of India Inc.” What a fantastic year it has been. You have been investing for so many years, more than two-and-a-half decades now. I think 2023 in a sense has been a record year of all sorts. Hiren Ved: Yes, it does. 2022 was so tough, the smallcap index was down 14%, Nifty was up only 4% or 5%, so obviously when you come off a low base things look pretty good and the first quarter of this calendar year was not that great. We started Feb-March at a low and then from April we have seen a significant lift off. So, yes, I cannot complain. It has been a great year and I know there is this popular perception that people have that markets have run up very aggressively.

South Africa by an innings and 32 runs on Thursday, dashing Rohit and Co's hopes of conquering the 'final frontier' where no Indian team has won a series in the last 31 years. While the Indian batsmen, with the exception of KL Rahul, struggled to get to grips with the bouncing and swinging conditions at the SuperSport Park Cricket Stadium in Centurion, the Indian bowlers failed to put enough pressure on the Proteas, allowing them to post a mammoth first innings total of over 400 runs. However, India skipper Rohit Sharma was highly critical of the Indian bowling line-up for conceding too many runs in the first innings, while reminding the newcomers to the side to be grateful for the opportunity they have been given.

Sebi) moved to a T+1 settlement system. Rishi Joshi writes about this monumental change. In January, many Indians also learnt about the concept of short selling, or betting against a company's performance.