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In anticipation of a correction, Axis Balanced Advantage Fund has brought down the net equity exposure from over 70% in January 2024 to around 53% in October. «Our proprietary model recommended reducing equity allocation over the past 4-5 months, particularly following the market run-up around the Lok Sabha election. This decision was driven by key variables such as high valuations and a moderation in high-frequency indicators,» says Jayesh Sundar,Equity: Fund Manager,Axis Mutual Fund.

Subscribe to enjoy similar stories. SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. China is grappling with an epic property collapse, and local governments are wobbling under trillions of dollars of debt.

neutral call on BSE with a target price of Rs 4,500. The current market price of BSE is Rs 4609.5. BSE Ltd, incorporated in 2005, is a Small Cap company with a market cap of Rs 62219.65 crore, operating in Financial Services sector. BSE's key products/revenue segments include Fees & Other Charges for the year ending 31-Mar-2024.

Laurence Balanco, CLSA, says for him, the three big trades for 2025, which could have a shelf life of 8 to 12 months are Bitcoin, the fintech ETF where we can see a breakout trend and the travel tech ETF, which has also recently broken out. These are major breakouts from basing patterns that have developed over the past two-and-a-half years. How much more for the dollar before it peaks out? I understand that money is moving into dollars right now, but nothing lasts permanently. At 106, 110, 115, where will the dollar find its long-term peak? Laurence Balanco: Yes, it is an important level right now, 106 to 107. It has basically been the top end of the trading range that we have had since the late 2022 lows and if I look at the sentiment now for the dollar index, it is sitting at 83% bulls, that is towards the extended level where we have typically seen the upside momentum stall out at. So, this is a key resistance zone that has capped the upside over the past 18 months. We would look for some hesitation here at least.

Donald Trump is not India’s No. 1 problem. At least not right now. His hawkish trade policy may well emerge as an outsize threat to supply chains and global growth. But a bigger, more immediate worry for the central bank in Mumbai is tomatoes. Or, to be more specific, a 161% jump last month in tomato prices — due to late and heavy rainfall — from a year ago. With potatoes and onions also becoming dearer, food expenses are out of control. The average cost of a homecooked meal in October — a standard fare of rice, roti, dal, veggies, salad and yoghurt — was the steepest in 14 months, according to CRISIL, an affiliate of S&P Global Inc. The chances of a December rate cut by the Reserve Bank of India were dimming even before the US election. But with inflation spiking above the upper end of the central bank’s tolerance range of 2%-6%, many analysts are ruling out monetary easing before the start of the next financial year in April. By which time, the next American president’s policies would have started to have an effect, particularly on the exchange rate.

The company initially raised 5-6% equity in private placements, setting a valuation benchmark that strengthened its IPO appeal.

Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy. Powell said at a Dallas Fed event that with the economy still growing, the job market solid and inflation still above the 2% target, the Fed can deliberate carefully on rate cuts.

HDB Financial Services heads for its initial public offering (IPO), shares of the nonbank lender owned by the country’s most-valued bank in the unlisted market have seen a sharp rise — up to ₹1,200 apiece. After the IPO plan was announced, the shares rose to a high of ₹1,400 apiece before settling at ₹1,200. However, brokers in the unlisted market say the euphoria is not justified as they expect the IPO to be priced around ₹750-₹800.

Subscribe to enjoy similar stories. What do a state-run power behemoth, a humble penny stock, and a Maharatna enterprise have in common? These stocks are among a handful that have not only attracted retail investors in hordes in 2024 so far, but have also outdone themselves on this metric in each successive quarter. Leading this unlikely trio was NTPC Ltd, which added about 1.7 million new individual investors in the September quarter, thanks to its strong growth and green energy ambitions.

Shareholder resolutions with more than 20% dissent from institutional shareholders dropped to 16% in the recently concluded proxy season, down from 17% in the previous two fiscals, as per data from primeinfobase.com. In actual numbers, 1,581 out of 10,092 resolutions saw more than 20% of institutional shareholders express their dissent in FY25 so far. However, 98% of them still passed, mostly owing to high promoter holding in the companies.

CLSA said Reliance Industries’ shares offer an “attractive entry point” at the current levels. Retaining its ‘Outperform’ rating with a price target of ₹1,650, implying a 30% upside. The firm said the start of new energy projects is a potential catalyst for the stock. RIL shares were up 1.2% at ₹1,266.9 on Thursday. “Reliance Industries stock has cooled off from its all-time highs as a delay in the possible IPOs of Jio and/or Retail led to reduced excitement towards the stock. Slowing growth in the retail business has been another negative,” said CLSA’s analysts in a client note.

Listed companies paid royalty to related parties in excess of 20% of their net profits on one out of four occasions, flagging the need for change in norms, a study published by the Securities and Exchange Board of India (Sebi) Thursday showed. “The data suggests that though the royalty payments made by companies are reasonably within the stipulated threshold, such payments are unjustifiably high in terms of their profitability,” Sebi said.

The mortgage market nervously watched bond yields climb again this week. U.S. president-elect Donald Trump’s policies could potentially be like throwing gasoline on inflation‘s barbecue, and Wall Street’s getting sweaty.

Subscribe to enjoy similar stories. Law firms are advising Indian companies operating in the US or engaging in deals with American firms to expect closer scrutiny under the Trump administration, suggesting additional clauses in legal contracts to protect their interests. The election of Donald Trump has sparked concerns in India and across the world that the President-elect's America First policies will raise the heat for other countries and their companies.

COP29 on Thursday stressed the need to improve transparency, access and affordability of finance to enable climate action across the world. Initiating the dialogue on the designated 'Finance and Trade Day' of the summit, UN climate chief Simon Stiell said for climate finance to deliver, it will need to be accessible, predictable and commensurate to the challenges faced in developing countries. Referring to the findings of the progress report on efforts to raise over $100 billion a year prepared by the COP's Standing Committee on Finance, Stiell said the overall trend shows an increase in the funds with more money being allocated for adaptation. However, there is a need to improve transparency, access and affordability, he said. «The new goal is not just about a target but about enabling action,» the UN climate chief stressed.

Robinhood Markets (HOOD) is broadening its crypto offerings for U.S. traders, adding tokens like Solana (SOLUSD) and meme coin Pepe (PEPEUSD), as the frenzy continues for Bitcoin (BTCUSD) and other digital assets in the wake of Donald Trump's presidential election win.

The company's net revenues stood at Rs 965 crore, a 44% growth QoQ and a 25% increase YoY. The company’s real estate collections during the quarter amounted to Rs 1222 crore, highlighting a healthy cash flow.

Subscribe to enjoy similar stories. Mumbai: Recent regulatory curbs on options trading will actually give a fillip to BSE Ltd's ongoing efforts to make the Sensex and Bankex options more mature products, enabling the exchange to potentially generate higher premium turnover and earn more in transaction charges, according to bourse’s MD and CEO Sundararaman Ramamurthy.

Hero MotoCorp Thursday beat street estimates to report 14% increase in net profit at Rs 1,203.54 crore for the second quarter ended Sep 30, 2024. The company had registered net profit of Rs 1,053.81 crore in the corresponding period of the last financial year. Analysts had expected the company to post net profit of Rs 1,156 crore last quarter.

Grasim Industries, the flagship company of Aditya Birla Group, on Thursday reported a 66% fall in its consolidated net profit at Rs 390 crore in the second quarter, compared with Rs 1,164 crore in the last year quarter. Revenue from operations, meanwhile, rose 11% YoY to Rs 33,563 crore in the reporting period.

Glenmark Pharma reported Rs 340 crore net profit in Q2FY25 led by robust sales growth in India and Europe. The drugmaker reported a net loss of Rs 180 crore in the corresponding quarter of the previous year. Revenue rose 7% YoY to Rs 3,434 crore in Q2FY25.