A selloff that rocked equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S. economy and disappointing tech earnings threaten more losses ahead. A two-day rout late last week left the S&P 500 nearly 6% from its July peak while the tech-heavy … Read more
Pramod Gubbi, Co-founder, Marcellus Investment, says there are pockets of reasonable valuations within the market or if they are fairly valued, there is enough predictability in terms of earnings growth. That is what a discerning investor should do. We have to work with the constraints that the market has provided.Amidst all the chatter about high … Read more
V Vaidyanathan, MD & CEO, IDFC First Bank, says massive floods in Tamil Nadu five or six months ago disturbed the joint liability group (JLG) portfolio. IDFC First has taken extra provisions on that book because people at the bottom of the pyramid suffer during a calamity as it affects their earnings and hence the … Read more
The finance minister recently announced the implementation of Digital Public Infrastructure (DPI) in agriculture to cover farmers and their lands. This initiative is a part of the broader Digital India campaign, which is built on the foundation laid by the National Land Record Modernization Programme (NLRMP), now known as the Digital India Land Records Modernization … Read more
Peter Cardillo of Spartan Capital Securities LLC, says there is a very good possibility that with the weakness coming out of the Chinese economy, which will eventually hurt the global economy, we might get a surprise move by the Fed in September by half a percent rather than a quarter of a percent. And I … Read more
Nifty ended Thursday expiry on a flat note but formed a bullish counterattack-type pattern on the daily chart despite a weak global trade setup. The index is currently holding immediate and key support at its 20-daily EMA, and maintaining this level will help attract bullish strength, according to chartists. The short-term trend of Nifty continues … Read more
“One of the things that they are pointing to and Mr Dudley mentioned, is the rise in credit card delinquencies. But those people who are delinquent are lower middle class, a little bit of the middle class,” says Mark Matthews, Julius Baer.What is your sense of the kind of fall that we have seen on … Read more
Indian market is likely to remain volatile on the Budget 2024 day. The Nifty future closed negative with losses of 0.05% at 24,517 levels on Monday. India VIX was up by 4.18% from 14.82 to 15.44 levels. Volatility inched higher slightly, but it is hovering near its lower zones which is comforting the bulls. On … Read more
The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its … Read more
Right now is a weird time to be Tesla. On the one hand, sales are flagging, the company’s newest vehicle is an absolute mess, and its flagship software only works for an elite few. On the other, the stock keeps climbing, with Tesla’s market cap now well over $800 billion. As it turns out, we have … Read more
