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After more than a year of rate-tightening cycle, economies world over are likely to see liquidity conditions ease and interest rates trend lower later in 2024. In such a scenario, Arindam Mandal, portfolio manager at Marcellus Investment Advisors anticipates a gradual return to the traditional 60/40 model of asset allocation for the average investor, consisting of 60% equities and 40% bonds. “This allocation strategy endured a challenging period over the past couple of years. Historically, election years have often translated to favorable returns, providing a promising outlook for the calendar year ahead,” Mandal said in an interview with ETMarkets. For Indian investors, Mandal recommends a 70% allocation to domestic equity and a 30% allocation to global equity, striking a balance between local opportunities and exposure to international markets. Edited excerpts:

HDFC Bank and Reliance Industries, amid mixed cues from global peers. The BSE Sensex was trading 185 points lower at 72,437. Nifty50 was trading at 21,995, down 60 points at around 9.23 am.

Stock market today: On account of weak global cues after Tuesday's sell-off on Wall Street, the Indian stock market ended lower on Wednesday. The Nifty 50 index lost 141 points and closed at the 22,055 level, the BSE Sensex shed 434 points and ended at the 72,623 mark whereas the Bank Nifty index finished 74 points lower at the 47,019 level.

Sensex settled 434 lower at 72,623 and the broader Nifty also paired all its intraday gains before closing 141.9 points down at 22,055. Stocks that were in focus included names like Campus Activewear, which rose 3.24%, Devyani International, which increased 1.24%, and Hindalco, whose shares closed flat on Wednesday.

Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing inflation

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Indian Energy Exchange (IEX), Hindustan Power Exchange (HPX) and Power Exchange India Ltd (PXIL)— the CERC stressed the need for a comprehensive review of operations at the exchanges in order to ascertain compliance with the provisions of the Power Market Regulations (PMR) 2021. “The commission directs its staff to arrange to conduct an audit of the processes as well as software of the three power exchanges in terms of the relevant provisions of PMR 2021.

BeerBiceps has nearly 7 million followers, has hosted various leaders of the ruling Bharatiya Janata Party (BJP) including Smriti Irani, S. Jaishankar and Rajeev Chandrasekhar. While Congress leader Rahul Gandhi appeared on Curly Tales, which has nearly 3 million subscribers, Nationalist Congress Party leader Supriya Sule has gone on The Bombay Journey, a part of Mashable India that has 567,000 subscribers.

Investing.com -- A decline in volatility in the so-called Magnificent 7 group of megacap stocks suggests that the U.S. stock market is not yet in a bubble, according to analysts at Bank of America Securities.

Passives took in £2.2bn of inflows in January, of which £1.3bn headed to mutual funds and £855m to ETFs, which Dewi John, head of research for UK and Ireland at LSEG Lipper, said signalled «more action» for ETFs. This compares to December 2023, when passive mutual funds gathered £3.5bn inflows as ETFs shed £41m. Within bonds, passive funds gained £809m, while ETFs attracted £552m. Across equities, passive funds gathered £452m inflows, while investors poured £290m into ETFs. Bond funds as a general asset class also saw this trend, netting £1.1bn in what was described as a «tale of two ...

₹99 for customers in Gujarat, Madhya Pradesh and Chhattisgarh, and ₹149 for customers in other parts of west and south India. The company is also promoting the offer with two new television commercials. Earlier, the McVeggie meal was priced at ₹321—now it is available for Rs149, while the Aloo Tikki meal, earlier priced at ₹230, can now be had at ₹99.

gang that allegedly changed the IMEIs — the unique identifiers of a handset — of stolen mobiles and arrested three individuals, reported TOI. The gang was active in west Delhi and aided several snatchers and mobile thieves, police said. The accused, identified as Narabjeet Singh (26), Manish Singh (23) and Gurmeet Singh (32), are residents of Tilak Nagar. Police seized 79 stolen phones along with a laptop containing software and other evidence from the suspects.

The index hit a fresh record high of 22,249 in intraday trade while the S&P BSE Sensex fell over 400 points.

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witnessing a five-fold spike in time spent on Budget day compared to regular days. Top queries included insights into the government's aspirations, macroeconomic factors influencing market trends, the impact of schemes like Saksham Anganwadi and Poshan 2.0, and distinctions between the Interim Budget 2024 and the Union Budget 2023. Beyond Budget-centric topics, the newly launched chatbot also delves into a wide array of subjects, including the economy, markets, companies, and personal finance, experiencing a consistent uptick in daily user engagement.

UBS has updated its predictions for when the Federal Reserve will start cutting interest rates, moving the expected timing from May to June. Consequently, the broker now projects a total reduction of 75 basis points (bps) in interest rates for 2024, a decrease from its earlier estimate of 100 bps.

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monetary policies involving higher interest rates to address inflation, persistent geopolitical tensions, and lingering disruptions in the supply chain. These factors collectively indicate a sustained state of disruption in the world economy throughout the current year. While inflation is exhibiting signs of alleviation in certain regions, it remains a substantial concern.

Mphasis Ltd, part of the IT industry, has rallied by about 20% in the last 3 months to hit a fresh 52-week high in February 2024 and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock for a target above Rs 3000 in the next 2-3 months, suggest experts.

Also Read: High time India Inc picks up the baton to further capex: RBI bulletin "Bond yields tend to move in advance of rate action and investors can look to increase allocation to Fixed Income as we expect long bond yields to keep drifting lower and expect the benchmark 10-year bond yield to go lower towards 6.50% by Q2/Q3 CY24," said Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund. The Indian bond market gave up some of its exuberance on the back of higher global bond yields but remained bullish with the longer end of the curve outperforming decently. On Wednesday, the Indian government bond yields trended down, led by recent foreign buying, while no fresh supply for the rest of the financial year also aided sentiment.

The Red Sea crisis has disrupted shipping routes, pushing refining margins significantly higher. The benchmark Singapore gross refining margin is seeing an uptrend, currently up more than 56% compared to the December quarter (Q3FY24), as illustrated in the chart here.