Goldman Sachs sets Nifty 2024 target at 21,800
“Returns are likely to be back loaded given the tough global backdrop and political uncertainty as the election approaches in 2Q24,” said Goldman Sachs’ analysts, including Sunil Koul, in the firm’s 2024 equity outlook note.
IPOs with high demand from staff show big listing gains
This is because half of the companies that reserve portions for employees in their IPOs are not able to get the portion fully subscribed. Hence, when the employees over-subscribe to an issue, it indicates high confidence in the prospects of the business.
Rupee ends at all-time low of 83.35 a dollar
Risk aversion ahead of the minutes of the US Federal Reserve’s latest meeting also sent investors to the safety of the greenback, with foreign funds pulling out of Indian assets.
Confused and surprised at investor interest in F&Os, says Sebi chief
“I must admit, I am always a little confused and surprised as to why people continue to do that (bet in futures and options) knowing that the odds are not in their favour at all,” the Sebi chairperson said during a BSE event.
Mid- and small-caps on a hot run, big guns double wealth
The rally helped the portfolio of three individual investors – Vijay Kedia, Manish Jain, and Dilip Kumar Lakhi – cross the ₹1,000 crore-mark.