“Achche din ki sabse badi guarantee hai the growth in the GDP. So, India having reached fifth largest economy status and all the pundits and all the gurus from IMF to investment houses to all the economists predict that India will be number three in a very short duration of time,” says Puneet Chhatwal, MD … Read more
Mark Mobius, Chairman, Mobius Emerging Opportunities Fund believes that Indian markets will deliver 14-15% returns over the longer term. Mobius, a renowned investor, shared his insights on the potential returns from the Indian stock market over the next three to five years in an interview with ET Now.When asked about his expectations, Mobius stated, “Over … Read more
Chris Wood, a global equity strategist at Jefferies, believes that potential changes in the capital gains tax regime for stock market transactions pose a more significant risk to Indian markets than the outcome of the upcoming elections. In his weekly note, ‘Greed & Fear,’ Wood said that a repeat of the BJP-led NDA’s shocking defeat … Read more
Indian markets are likely to consolidate on Friday tracking mixed global cues. The Nifty future closed positive with marginal gains of 1.54% at 23008 levels on Thursday. India VIX was down by 0.42% from 21.47 to 21.38 levels. On the weekly options front, the maximum Call OI is placed at 23500 and then towards 23000 … Read more
As the domestic equity market keeps on making new peaks every other day, a similar surge in new Demat account additions is also being seen. In December, the total new Demat account openings touched a new high of 42 lakh, taking the number of total Demat accounts to 13.93 crore.The addition of 42 lakh new … Read more
With a nearly 20% rally in 2023, Nifty is overvalued by as much, according to a report by Kotak Institutional Equities. The brokerage remains wary of an absolute return potential of the market from the current levels as it replaces ITC and Larsen & Toubro (L&T) with Britannia and PSU stock NTPC from its concentrated … Read more
Stock market today: BSE Sensex and Nifty50, the two key Indian benchmark indices ended at all time-highs on Wednesday. Both equity indices touched life-time highs of 72,119.85 and 21,675.75 respectively. While BSE Sensex closed the day at 72,038.43, crossing the 72,000 mark for the very first time, Nifty50 ended trade at 21,654.75.The Indian stock markets … Read more
BSE Sensex and Nifty50 ended the day on Tuesday at record highs. While the BSE Sensex surged over 400 points to end at 69,296, Nifty50 rose over 160 points to 20,855 levels. This is the second straight session of the Indian equity markets closing at record highs.The stock market rally is largely led by strong … Read more
BSE Sensex & Nifty50 at record highs! Indian equity indices opened at new record highs on Tuesday, following a strong performance in the previous session. The positive sentiment was driven by robust macroeconomic data, expectations of a US rate cut in March, and the Bharatiya Janata Party’s (BJP) success in key state elections.At 10:54 AM, … Read more
Street favourite BJP’s clean sweep in the Hindi heartland may compel foreign institutional investors (FIIs) to start buying Indian stocks in a big way once again and mark the return of megacap stocks that have been left behind in the ‘madcap’ rally in recent months. FIIs who had been bothered by the Indian market’s rich … Read more