It may seem odd to ask this question when the news-flow on India macro is getting better by the day. If one leaves out the mixed signals that are coming on the strength of rural recovery, the rest of the economy seems to be on a meaningful mend. High-frequency indicators like manufacturing and services PMI, … Read more
Global stock markets sagged while the Japanese yen rose on Thursday in reaction to the Fed’s policy statement and signs of stress at another U.S. regional bank, spurring investors to price in a pivot rather than just a pause in rate rises. Another U.S. regional bank, PacWest Bancorp, reported troubles overnight, reminding investors of the … Read more
Indian IT services provider Coforge Ltd’s fourth-quarter revenue and its revenue growth forecast for fiscal year 2024 were roughly in line with analysts estimates, in contrast to weaker-than-expected outlooks from its bigger peers. Coforge’s shares were up 1.4% in midday trading on Thursday, compared with a 0.8% rise in the Nifty IT index, while the … Read more
“We have a diversified portfolio with a bottom-up stock-picking strategy. We have BFSI, IT, Materials, Consumer Discretionary, and Healthcare as top sectors,” says Kshitiz Mahajan, CEO, Complete Circle Wealth. In an interview with ETMarkets, Mahajan said: “Our philosophy stands on 4 pillars – Innovation, High quality and compliance management, ROE and Earning growth in excess … Read more
Stocks struggled to make headway on Wednesday, the dollar nursed losses and bonds clung to gains, as signs of a slowing U.S. labour market made investors nervous about the economic outlook, while a bigger-than-expected rate hike lifted the kiwi dollar. Asia trade was thinned by holidays in Hong Kong and China, leaving MSCI’s Asia-Pacific index … Read more
Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as U.S. inflation data delivered no nasty surprises, reinforcing hopes the Federal Reserve will likely go for a smaller rate hike when it meets next week. Investors piled back into stocks in U.S. markets overnight as fears about contagion in the … Read more
It was largely a troubled week for the Indian equities as the markets spent four out of five days struggling to keep their head above the crucial 200-DMA which currently stands at 17404. Had it not been for Friday which saw a sharp surge in the Indices, the week was very much on track for … Read more
What should you expect fromyour portfolio when inflation peaks out? Trying to predict when inflation will peak is a lot like trekking. In both cases, the peak is only visible when we zoom out & look from a distance. While in the middle of the climb, we frequently believe we have achieved the peak, only … Read more
Unlike most of its peers, Indian equities bid goodbye to 2022 on a good note as optimism over domestic growth prospects overshadowed the macroeconomic headwinds that developed and other major developing economies are currently experiencing. Indian equities were the second best performers in 2022, with the first one being Brazil. Domestic benchmarks Nifty 50 and … Read more
The dollar was firm on Tuesday leading in to the release of U.S. inflation data and the final Federal Reserve meeting of the year, with investors waiting to update interest rate outlooks. A month ago, a small surprise to the downside unleashed a wave of bond-buying and dollar selling on the expectation that inflation had … Read more