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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.

SK Ghosh, Group Chief Economic Advisor, SBI, says “if you look into the data of the US consumer spending and other data, labour markets are saying house prices are now declining in the US. Taking all these factors into account, I believe that possibly the slowdown in the global economy, specifically the US, at a rate which is larger than anticipated by the market would be the possible source of outside risk for the Indian economy.” What is your view on what is happening to the yield rates globally? 10-year yields are coming down from 5% plus to 4.2-4.3% thereabouts. What is the normalised level world should make do with? Do you think 4.2%, 4.3% is the new normal or is it headed lower? As we have said in our report recently, the outlook on the global economy so far is that the US could be spared a major recession and the growth has been very strong. But beyond these headline growth numbers, the US’ real economy numbers do not look so inspiring at this point of time. The payroll numbers have been revised downwards by eight times in nine months. There have also been some recession indicators showing that the US could be possibly on the verge of a significant slowdown. The only thing which is keeping the US economy headline growth strong is currently the excess savings of $1 trillion the US consumers have built up over the years.

Tata Motors is pressing Indian officials not to lower import taxes of 100% on electric vehicles and to protect domestic industry and its investors, as the government reviews Tesla's plans to enter the market, people with direct knowledge said. As India tries to boost domestic manufacturing and electric vehicle (EV) adoption, Tesla is proposing to set up an Indian factory but is demanding lower import taxes for electric cars.

Ashutosh Tiwari, Managing Director and Head of Institutional Equities at Equirus believes Budget 2024 may be balanced, along with growth orientation, and it will also include populist measures with a focus on rural and lower strata of society which has been under distress post Covid. In an interview with Mint, he says NDA's win in the 2024 General Election will not trigger any sharp rally in the market.

By Aditi Shah and Aditya Kalra

Facebook's parent company Meta was not in contempt of court for failing to pay dozens of content moderators that a contractor laid off. Labour judge Mathews Nduma Nderi said Meta did not «deliberately and contemptuously» breach a court order requiring it to pay the wages of hundreds of Facebook content moderators.

Mihir Vora, CIO, Trust MF, says India’s “oil sensitivity to the GDP has reduced because services exports have boomed. It used to be $100 billion, now we are $240 billion. So, we are far bigger in terms of services exports which is reducing the volatility of oil. Yes, there is a current account deficit, but it is much less volatile than what it used to be. So, our external vulnerability to oil has reduced significantly so that is one. And second, again as we all know, compared to 10 years ago, look at the domestic flows.” We are assuming that FIIs will come back. That is a big assumption. Yes.

Daniel H. Rosen is a co-founder and partner at Rhodium Group. He can be reached at [email protected] Alert!Livemint tops charts as the fastest growing news website in the world

Egyptian authorities say a cargo ship broke down in the Suez Canal and crashes into a bridge over the crucial waterway

Tis the season to decorate for the holidays

NEW DELHI : By several accounts, Indians were set to splurge this festive season. And they did–shopping online and on cars and two-wheelers, but for many traditional retailers and consumer goods makers, the season was merely satisfactory. As the lights dimmed on the mega sales period that began in October and stretched on until Diwali in mid-November, a pattern’s emerging on how Indians shopped–making for an interesting narrative on the country’s growth and consumption patterns.

PM Kisan Scheme beneficiaries must complete e-KYC and link their bank account to Aadhaar to directly receive benefits in their bank accounts. It was noticed in a question put to the government in the Lok Sabha that nearly 2.4 lakh farmers enrolled under the PM Kisan scheme are not getting the benefits of this scheme because they are unable to link their Aadhaar Card with Bank Accounts. PM Kisan 16th installment: When will beneficiaries receive next installment amount? As per the government’s reply: Under PM-KISAN, the condition of Aadhaar seeded bank account is mandatory from 13th instalment to ensure that benefits are transferred only to intended beneficiary’s bank account. Further, transferring the benefits in the Aadhaar seeded bank accounts of beneficiaries has inherent advantage in their favor as in case of change of bank accounts, beneficiaries are not required to travel back to the Department to update the same. In order to saturate the Aadhaar seeding of the bank accounts, the beneficiaries are contacted by the State/UT Governments for completing their Aadhaar seeding with their active bank accounts. The Central Government also sends one to one messages to such farmers for taking necessary actions so that benefits can be transferred to them without any hassle.

Brisbane International early next year, legendary tennis player and 22-time Grand Slam winner Rafael Nadal said he will participate in the tournament in Australia without any expectations. The former World No. 1 brought fans closer to his current mindset in a philosophical message delivered in Spanish. The 37-year-old Spaniard has not played since losing in the second round of the Australian Open earlier this year due to a long-standing hip problem.

The momentum of cryptocurrency regulation in the United States continues to intensify, with the New York Department of Financial Services (NYDFS) asserting its readiness to call out defaulting businesses.

NEW DELHI : Lessors of Go First have told the Delhi High Court that they have not received any records related to aircraft maintenance from the insolvent airline’s resolution professional since May, or been allowed to physically inspect its assets. Resolution, or insolvency, professionals are hired by lenders to run insolvent firms. Go First’s RP is in contempt of court for not complying with its order from two months earlier, the lessors argued before a single-judge bench on Tuesday.

Amit Shah Tuesday asserted that the concept of «one flag, one prime minister, one constitution» was not a political slogan and the BJP firmly believes in the principle and finally implemented it with regard to Jammu and Kashmir. Responding to a remark by TMC's Saugata Roy in the Lok Sabha that «ek nishan, ek pradhan, ek samvidhan (one flag, one head, one constitution)» was a «political slogan», Shah wondered as to how can a country have two prime ministers, two constitutions and two flags. He said Roy's remarks were «objectionable». While responding to a remark from the opposition benches, Shah said, «Whosoever did it was wrong.

By Marc Jones

Chhattisgarh outgoing Deputy Chief Minister, TS Singh Deo on Monday said that the results of the state assembly elections declared a day earlier were 'unexpected' for him as he had not visualised his defeat. Speaking to ANI, Singh also said that no one was able to guess that Congress would not be able to form its government in Chhattisgarh. «It was not expected. I did not visualise that I would lose or the Congress party would not come to power in the state...No one was able to guess that Congress would not be able to form its government in Chhattisgarh.

Robert Downey Jr has completed his run in the Marvel Cinematic Universe (MCU) and will not be returning as superhero Iron Man, says Marvel Studios chief Kevin Feige. Downey Jr last played the role in 2019's 'The Avengers: Endgame' when the superhero died. Since then, there have been fan speculation about Tony Stark aka Iron Man's return to the MCU.

Rajasthan Assembly Election Results 2023: Speaking to reporters about the BJP's decisive lead in Rajasthan on December 3, Chief Minister Ashok Gehlot said the Congress was "fully prepared for the elections" and "left no stone unturned". “We did not leave any stone unturned and were fully prepared for the elections. We thought people would vote for us based on our current schemes but that did not happen.

sobering placement season this year. For thousands of to-be engineers in the class of 2024, the number of hirings is expected to taper, although salaries may not drop by much. “IIT-Bombay and IIT-Delhi have informed the companies with an explicit request not to defer joining dates as was done in 2023," said a partner at a consulting company that has recruited 8 -11 students from the IITs in the ongoing campus placements.