market news

smallcap stocks crash: Too little, exclaims Kotak Equities after multi-billion dollar smallcap crash

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Arguing that most mid and smallcap stocks are still trading at full-to-lofty valuations and well above their fundamental value despite the sharp correction in recent weeks, Kotak Institutional Equities on Thursday said that the multi-billion dollar crash in the broader market is too little but not too soon. “We are not sure if the correction … Read more

FPIs unleash turbulence with Rs 21,000 cr weekly selloff in sudden shift

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After months of buying, foreign portfolio investors are turning a blind eye to Indian equities in the month of January amid concerns over high valuations and uncertainty around global interest rates trajectory. In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far … Read more