Relatively high valuation of India’s stock market could impede outperformance: HDFC Securities
India’s equity markets outperformed most major markets over the last two years. Now, as we look forward to 2023, India’s relative valuations appear to be an impediment to further outperformance, and while India will continue to attract foreign fund flows, there is a likelihood of more money going to other emerging markets, which are playing […]
Markets may remain range-bound ahead of US Fed policy meeting
NEW DELHI/MUMBAI : Stock markets fell on Wednesday after the Reserve Bank of India’s monetary policy meeting, as investors digested the hawkish tone of the central bank and its decision to keep the policy stance unchanged. The monetary policy committee (MPC) also trimmed its FY23 GDP growth to 6.8% from the earlier 7%. The Sensex […]
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No of unicorns drop to 85 in India as valuation erode amid global turmoil
New Delhi, Dec 6 (IANS) The number of unicorns (with the $1 billion valuation and above) in India has dropped to 85 from more than 100 just a couple of months ago, as most startups have shed a significant share of their valuations while investors stay back amid the prevailing global economic turmoil. According to […]
Jefferies’ Chris Wood bullish on Banks & NBFCs: Check changes to market veteran’s India Long-Only portfolio
Chris Wood, Jefferies, India Long-Only Portfolio: The global market veteran Chris Wood, who is Global Head of Equity Strategy at Jefferies, has reshuffled his India Long-Only Portfolio as the recent report of Greed & Fear released by the Jefferies mentioned and the same has been analysed by the Zee Business research team. According to the […]
Stock Market LIVE: Indices flat; Metal, Bank jump; IT, Energy, Pharma tank
US jobs report showed wages for US workers are accelerating, which could feed into even higher inflation for the nation. On the other hand, an accelerated shift toward the reopening of the Chinese economy might lift the mood of investors. 05 Dec 2022, 03:08:23 PM IST LivFin’s view on RBI Monetary Policy: The MPC will […]
10 key factors that will influence markets sentiment in the week ahead
On December 1st, Sensex registered a new lifetime high of 63,583.07, while the Nifty 50 also garnered a fresh historical high of 18,871.95 before correcting the next day. Between November 22 to December 1st, both benchmarks have gained by at least 4% each. However, on Friday, markets pulled back from their upbeat stance. Sensex closed […]
Paytm shares rise 17% in 5 days; potential to reach ₹1,100- ₹1,300 ahead
On Friday alone, Paytm shares climbed at least 8.4% on Dalal Street before correcting. The stock ended at ₹536.90 apiece higher by ₹7.06% on BSE. The fintech has a market valuation of over ₹34,853 crore. From November 28 to December 2, Paytm shares climbed by a massive 16.92%. The stock was near ₹465 level last […]
Top picks: Axis Securities recommends these stocks to buy in December
The Indian economy stands in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy, said Axis Securities which continues to believe in the long-term growth story of the Indian equity market supported by the favourable structure emerging with increasing Capex enabling banks to improve credit […]
In a reform, RBI allows foreign banks in India to deal in instruments not expressly permitted by it, without needing its consent
The Reserve Bank on Thursday authorized international branches and subsidiaries of Indian banks to transact in financial products that are not expressly allowed in the local market, subject to certain conditions. A framework is required, according to an RBI circular, to allow them to engage in activities that are not expressly permitted in […]
