The MSCI World index has recorded 16.2% year to date return which is the best since 2009. Indian equities added $0.6 trillion of the market capitalization since the beginning of March 2023 while the world’s market capitalization expanded by $8.9 trillion. It means India contributed about 7.2% to the incremental global market capitalization while its share in the world’s total market cap was 3.4%.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of