New York: Goldman Sachs Group’s head of global currency, rates and emerging-markets strategy says he’s learned two main main lessons from one of the biggest – and most-common – bad calls of 2023: the bet on post-pandemic China’s reopening boom. At the beginning of the year, Goldman was among the chorus of Wall Street banks … Read more
Rachna Dattani, Associate Director, IIFL Securities, says if somebody is thinking about diversifying the portfolio, I would definitely recommend a portion of it going to sovereign gold bonds which are closing but tranches will keep coming by every quarter. If somebody is looking at allocating an x amount in debt for three to five years, … Read more
Brokerage firm Emkay maintained a buy rating on ONGC and Oil India, Morgan Stanley remained overweight on Can Fin Homes, and CLSA has a buy rating on J Kumar Infra. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Emkay on Oil & Gas: Oil India and ONGCEmkay … Read more
Equity indices extended gains for a second day on Friday amid a firm trend in the US markets. The 30-share BSE Sensex climbed 241 points to settle at 71,106 and the broader Nifty50 went up by 94 points to 21,349. Stocks that were in focus include names like GAIL, which rose 7%, Polycab, which fell … Read more
Ashi Anand, Founder & CEO, IME Capital, says “in a market where the overall underlying momentum is quite strong, the sentiment is positive and the longer term outlook is looking good, it is important not to get carried away. There is a right price at which you need to buy a company. And if you … Read more
Eminent fund manager Thomas Schneeweis says focusing on past performance is the first and biggest mistake investors make when it comes to asset allocation. According to Schneeweis, investors should be rather focused on risk instead of returns. “Much of the past, though interesting, may have very little relevance to what we do today,” he said.” … Read more
The year 2023 was very interesting. Initially, the world was concerned of a global recession after interest rates were hiked by 4.25% in 2022, and inflation was still not under control; the banks had moved from QE to QT (money supply easing to tightening) and money supply world over was slowing down. The bright spot … Read more
Umesh Chowdhary, VC & MD, Titagarh Rail Systems, says “following the Rs 700-crore QIP, as far as the current plans are concerned, whether it is the Vande Bharat, whether it is the ongoing projects that we have, we believe that for both the capex and the working capital, apart from the debt that will need … Read more
Warren Harris, CEO & MD, Tata Technologies, says “as far as the move to generative AI is concerned, we are anticipating that there is going to be more opportunity for us to be able to develop applications and capability in the generative design and generative product development space. And we are investing not only ourselves, … Read more
Indian benchmark Index Nifty50 snapped 5 days of winning streak to shut shop marginally in the red last Friday, following another high intraday volatile session. Bulls were unable to push the index beyond the immediate hurdle of 18,300-18,350 which led to minor profit booking. Therefore, for the coming week, this range of 18,300-18,350 will be … Read more
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