Wellness Financial News

Anshul Saigal, Founder, Saigal Capital, says putting new money in spaces that have done well recently and where you are chasing returns is a fool's paradise. It is that space where an investor can burn his fingers and then be out of the market for the next four to five years and come back again when the markets are at peak. That is not the space to look at now. It is really the Nifty 50 and the large-caps which have relative value. If you want to put new money to use, it is there that you should be investing. Do you think the underperformance in banks is finally coming of age because while the Nifty is still at a fresh all-time high, so are a lot of other individual indexes, which is not quite the case with Nifty Bank? Anshul Saigal: Yes, banks have been a rank underperformer in the last six-eight months. While other segments of the market have rallied as they have, banks have done nothing. Some of that is because banks have been in over-owned space in the last so many years. Because they are about 30% to 35% of the index as a constituent, banks are highly owned by the Street and at this time even though valuations look reasonable because of certain headwinds on their operations, banks are not the favoured space.

Abhishek Basumallick, Founder & Chief Equity Adviser, Intelsense Capital, says IT looks to be picking up. Chemicals, look interesting, as are pharma, auto, and auto ancillaries. Basu mallick says he is fairly bullish on the Indian manufacturing theme, not only for the near future but at least for the next three to five years. India is focusing on manufacturing and we are seeing changes happening slowly. This is a definite theme. It is not going to happen overnight. The results are going to take five years, maybe even a decade to play out. Markets are again hitting fresh highs, at least the Nifty. But given the current scenario and the valuations in the market, is it advisable to go all in? Abhishek Basumallick: The markets have been slightly on the expensive side for a while now. Globally, other than the US, we are the only market where we are seeing strong GDP growth and strong business performance. I doubt if the Indian markets are going to get cheap anytime soon. We might see intermediate corrections once in a while and that is par for the course in a bull market. But I do not see that valuations are going to be very cheap anytime soon.

«And if the crude oil prices remain low, then in such situation, derivatives of crude oil prices including the energy cost and which is a raw material for metals, I would think that this is going to be directionally very positive,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. Is that a challenge at all for Trent you believe, sitting at life-high levels? What would be your recommendation for people on Trent? Deven Choksey: Well, my understanding of the subject is that currently most of the aspects about the business are fully factored into the price. When you look at the valuations, it expresses all. So, from a valuations perspective, the stock is adequately covered on every aspect. However, having said that, important point to observe here that majority of the funds who have been holding on this stock for the want of second company available in their portfolio of a size, probably they stay limited with likes of DMart, likes of Trent in the portfolio.

Telegram boss Pavel Durov under formal investigation on Wednesday in a probe into organized crime on the messaging app, but granted the entrepreneur bail on condition he pays 5 million euros, reports twice a week to police and does not leave French territory. Paris prosecutor Laure Beccuau said in a statement the judge found there were grounds to formally investigate Durov on all the charges for which he was initially arrested four days ago. They include suspected complicity in running an online platform that allows illicit transactions, images of child sex abuse, drug trafficking and fraud, as well as the refusal to communicate information to authorities, money laundering and providing cryptographic services to criminals.

Nvidia and other technology heavyweights fell late on Wednesday, a discouraging sign for investors betting that a strong forecast from the dominant seller of AI chips would fuel fresh gains in Wall Street's most valuable companies. Nasdaq futures fell about 1% following Nvidia's quarterly earnings report, suggesting traders expect tech stocks to lose ground on Thursday.

Cybersecurity specialist CrowdStrike Holdings on Wednesday estimated it absorbed a roughly $60 million blow to its sales pipeline last month after its botched handling of a software update triggered a technology meltdown that stranded thousands of peop...

Investor Warren Buffett's company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week

Kamala Harris is currently the most talked about figure in US politics, mostly because of her surge to popularity in the US Presidential poll race. Her journey in the US polls 2024 has not been easy as she entered the tough contest against a formidable adversary, Donald Trump, after the exit of Joe Biden as a candidate of the Democrats.

It appears that public and private, illiquid private equity funds are increasing on the radar of financial advisors.

OpenSea, one of the largest marketplaces for non-fungible tokens (NFTs) may be facing regulatory action from the U.S. Securities Exchange Commission (SEC).

FedEx Cup finale with a two-shot lead, the top player would get to choose where to play the Tour Championship. The only caveat is it couldn't be the player's home course. «It used to be East Lake,» Xander Schauffele said when asked for his choice. He probably was more honest than sarcastic. Schauffele has failed to break par only three times in 28 rounds at East Lake. And those three rounds were all at even-par 70. But now East Lake has been changed dramatically, and Schauffele has reason to be leery.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

The National Bank of Canada reported a higher profit in its third quarter and beat analysts’ expectations as it reported higher results in all of its business segments.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

iPhone using sound, Pierce decided to collaborate with iFixit to put these assertions to the test. The experiment involved submerging an iPhone 13 in water treated with UV dye, then playing one of these specialized videos.

Bitcoin (BTC) slumped overnight and is well below its March all-time high as investors search for the next catalyst to drive the price higher heading into a month when the pioneer cryptocurrency tends to underperform.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

protest here against BJP MP Kangana Ranaut's remarks on farmers protest and demanded termination of her Lok Sabha membership. The protesters also demanded that the BJP should immediately expel her immediately from the party. The protesters of the Punjab unit of AAP's Kisan Wing raised slogans against Kangana and alleged that it is not the first time she has spoken against the farmers protest. «She should be expelled by the BJP from the party. She tries to sow seeds of hatred in society and action as per law should be taken against her for her remarks,» said AAP Punjab MLA Jagtar Singh Dayalpura, who also took part in the protest.

PDS Ltd, a fashion sourcing and manufacturing platform serving global leading brands and retailers, on Wednesday said it has raised Rs 430 crore through qualified institutional placement. The company has successfully completed the QIP raising Rs 430 crore (around USD 51 million). The QIP attracted robust interest from institutional investors, with a subscription exceeding two times the issue size, PDS Ltd said in a statement. «This fund raise enables PDS to accelerate its growth journey of expanding into new markets and categories, as well as diversifying its sourcing regions through brownfield investments, all while maintaining a robust balance sheet,» the company said.

Laiqa Wellness has raised Rs 15 crore in a funding round from early-stage venture capital firm IvyCap Ventures. The funds will be used for expanding and developing the company’s tech-based solutions, which focus on personalised hormonal health monitoring, point-of-care assessments, and AI-driven recommendations. Founded in August 2023 by Monica Bindra, Harmeet Bindra and Meenakshi Singh, the Gurugram-based company focuses on women’s wellness, targeting hormonal imbalances through cycle-synced, personalised care.

The Royal Bank of Canada reported a higher profit and met analysts’ expectation in its first full quarter since it completed the purchase of HSBC Holdings PLC’s Canadian business.