The Indian equity market has witnessed a significant decrease in the number of companies with a valuation of $1 billion or more, with nearly one-fifth of the count diminishing over the past five months. At the peak on September 26 last year, 618 companies were part of the billion-dollar club. However, this number has now … Read more
Stocks and bonds have been turning in volatile, bearish performances this year in an economy marked by high inflation and rising interest rates. But that hasn’t deterred most retirement savers, especially the youngest ones. 401(k) participants have held relatively steady in their savings contribution rates and in their portfolio allocations, according to new third quarter … Read more
Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive campaign against inflation could throw the U.S. economy into a sharp downturn. After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average … Read more
Under pressure from central bankers determined to quash inflation even at the cost of a recession, global bonds slumped into their first bear market in a generation. The Bloomberg Global Aggregate Total Return Index of government and investment-grade corporate bonds has fallen more than 20% below its 2021 peak, the biggest drawdown since its 1990 … Read more
There is higher margin of safety in large-cap stocks as compared to mid- and small-caps, said S Naren, chief investment officer at Mutual Fund. In an interview, the fund manager speaks on why he is bullish on public sector undertakings (PSUs) and fixed income. Edited excerpts: What is your assessment of the recent bounce in … Read more
Christopher Wood, global head of equity strategy at Jefferies, says the recent run-up in equities is more of a bear market rally in the US, which Indian stocks are tailing. In an interview with Sanam Mirchandani, Wood said India is not among his top investment destinations at the moment. Edited excerpts: What is your evaluation … Read more
At the start of 2022, we viewed that Indian markets were likely to transition from ‘early-cycle’ to ‘mid-cycle’, similar to previous mid-cycle years of 2004 and 2011. The defining characteristic of mid-cycle is the withdrawal of monetary policy stimulus. Volatility rises during the period of transition, with equity returns being more modest during this phase, … Read more
NEW DELHI: Recently, many investors who took a dip into the stock market, all alone, faced the brunt of probably their first correction in the market. Analysts in an ETMarkets Mid-year Survey said while some of these investors would surely have been shaken and may refrain from investing more into equities for now, retail flows … Read more
Mumbai: Investors combing through the market for potential winners could consider some of the stocks that are trading at or below the actual value of the companies, said analysts. Out of the stocks on the NSE500 Index, 80 are currently trading below their book value following the sell-off in the market. Further, 40 stocks from … Read more