ETMarkets Fund Manager Talk-See no reason to turn cautious on market as earnings growth prospects upbeat: Edelweiss MF
“Using valuation as a standalone variable can be misleading and it has to be seen in the context of earnings growth. When one juxtaposes earnings growth expectations along with current valuations, we see no reason to prune market exposure or turn cautious,” says Abhishek Gupta, fund manager – equity, at the fund house.
Big Movers on D-Street: What should investors do with Kalyan Jewellers, Titan and Ambuja Cements?
The counter has witnessed a breakdown of the head and shoulders formation on the daily chart with huge volume. The overall structure of the counter has become distorted as it trades below its important moving averages (200, 50, 20, and 9 SMA).
At multi-year highs: Fortis, M&M among 7 stocks that witnessed 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.
Strong double-digit earnings growth seen for Nifty companies in Q1
Revenue growth is also likely to remain in double digits, albeit slower, given the high base effect of the previous year’s June quarter. In addition, benign input costs will continue to support operating profitability.
Tomato to squeeze kitchen budgets more as prices may rise further
Vegetables such as cabbage, cauliflower cucumber, leafy greens etc. may also become expensive because of the disruption caused by record rain in the north Indian hills.
Foreign banks’ AFS exposure to long-term bonds at all-time high
While a sharp increase in exposure to longer-dated bonds entailing greater risks could ordinarily be a matter of concern, the regulator isn’t too concerned yet due to extensive hedges used against the exposure.
Bonds on the brink reward EM investors
JPMorgan’s Pierre-Yves Bareau, who oversees $50 billion in emerging-market debt, says he’s never seen so much value unlocked from distressed and defaulted government notes this late in a Federal Reserve interest-rate hiking cycle.
Indian crypto traders deal on Binance, settle at home in INR
Here’s a case where an overseas exchange is offering an ‘escrow service’ that virtually matches a local buyer and seller in an offshore marketplace though the payment is settled here in INR.
Mumbai police may tap Sebi for details on FMC Ex-chief Ramesh Abhishek’s actions
The Mumbai Police may approach India’s Securities and Exchange Board to enquire about the former Forward Markets Commission chairman Ramesh Abhishek’s role in the 10-year-old ₹5600 crore National Spot Exchange payment crisis. The police are seeking to establish if the capital-markets regulator’s investigation revealed any alleged act of deliberate omission, commission, or negligence on Abhishek’s […]
Shriram Housing Finance raises $50 m in first overseas borrowing
The mortgage lender, which is part of the Shriram Group, has raised the fund from Canara Bank’s London branch at 200 basis points over Secured Overnight Financing Rate (SOFR), a company official said. The fund was raised for three years. The overall cost with one-year hedging cost has come around 8.4%, the official said. This […]