The 2024 general election outcome would not have any major long-term effect on the equity markets, according to equity advisory firm FidelFolio. In its report titled ‘Deciphering Market Trends: Navigating Pre-Election Dynamics and Global Turbulence,’ FideFolio stated that the Nifty 50 is expected to be between 30,000 and 35,000 points in 3 years. According to … Read more
The NSE Nifty Next 50 Index is emerging as the hottest stock gauge in India, as investors look for pockets of outperformance in a market that’s been hovering near record highs. Earnings growth is proving to be a key metric. Made up of potential candidates for the benchmark Nifty 50, the gauge has seen its … Read more
In a strategic move to enhance foreign investment in Indian companies, the Government of India has unveiled a groundbreaking set of regulations that allow public companies to list on International Financial Services Centre (IFSC) stock exchanges. This move follows the announcement made in July 2023 and incorporates the recommendations of the Working Group’s report on … Read more
While arguing that most sectors and stocks are quite overvalued, domestic broking firm Kotak Institutional Equities today said the disconnect between price and value may sustain given India’s decent macro position, retail investor-led mania on Dalal Street and expectations of PM Modi retaining power after Lok Sabha elections. However, as investors are happy to overpay … Read more
BENGALURU – Index provider MSCI raised India’s weightage in its Global Standard (Emerging Markets) index to a historic high of 18.2% following its February review, and the changes will come into effect after market close on Feb. 29. India’s weightage in the index has nearly doubled since November 2020. The climb can be attributed to … Read more
An estimated slowdown in revenue growth for India’s top technology companies is threatening to stall the relentless surge in the nation’s stocks, which were among Wall Street’s top emerging-market picks. As investors await these results this week, a gauge of Indian tech shares has fallen for three straight weeks after rallying for the most part … Read more
Gulf investors are poised to get their first regional exchange-traded fund tracking Indian equities. Lunate Capital LLC is launching the Chimera S&P India Shariah ETF, replicating the performance of the S&P India Shariah Liquid 35/20 Capped Index. The fund will track the performance of Shariah-compliant Indian equities listed on the Bombay Stock Exchange. Indian stocks … Read more
