ETMarkets Smart Talk: Based on multi-factor model, we see Sensex at 77400 by December 2024: Pawan Kumar
Pawan Kumar advises caution in the Indian market due to heightened volatility and valuation premiums in mid & small-cap stocks. Customized asset allocation based on individual factors is recommended for FY25, with a neutral stance on the Indian Equity market.
Shakeout in Indian small-caps seen luring dip buyers to market
Perceived as key beneficiaries of the South Asian nation’s 8%-plus economic growth, shares of smaller firms are seen staging a comeback after a selloff that’s pushed down the Nifty Smallcap 250 Index almost 10% since Feb. 27.
Wall Street drops with tech-related shares, investors assess rate outlook
Shares of Adobe dropped 13.7%, a day after it forecast second-quarter revenue below analysts’ estimates, citing competition and weak demand for its artificial intelligence-integrated photography, illustration and video.
US probing Indian billionaire Gautam Adani and his group over potential bribery
Investigators are digging into whether an Adani entity, or people linked to the company including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project, said the people, who asked not to be identified discussing the confidential effort. The probe, which is also looking at Indian renewable energy company […]
Indices fall as valuation woes trouble investors
“The investors in the markets are worried after the corrections seen this week,” said Sandeep Raina, Executive VP- Research, Nuvama Professional Client Group. “Although there is no actual change in the markets after yesterday’s up move and the corrections.”
Adani Capital raises Rs 300 crore in senior secured bonds
On July 23 last year, Bain Capital, a global private investment firm, entered into a definitive agreement to acquire 90% of Adani Capital and Adani Housing, another NBFC of the Adani Group. ET reported on July 22 that the Adani Group would sell its entire stake in Adani Capital to Bain for ₹1,500 crore.
RBI governor asks banks to plug gaps in customer grievance mechanisms
The Reserve Bank of India has instructed banks and other financial intermediaries to address shortcomings in their customer grievance systems and ensure equitable pricing of their products and services, along with maintaining transparency in customer dealings and preventing mis-selling.
Fed seen sticking with three 2024 cuts despite higher inflation
Fed Chair Jerome Powell and his colleagues will update their economic and rate projections at the March 19-20 meeting for the first time since December, and survey respondents expect only small tweaks to their outlook with no change in the projected rate path.
Sebi pushes for ease of doing biz; clears relaxations for FPIs
Sebi will continue to do further stakeholder consultation, including with the users of the Beta version. The progress will be reviewed at the end of three months and six months, after which further course of action will be decided, Sebi said in a release.
Stress tests indicate diverse risk profiles of MF schemes
While a midcap fund can redeem 50% of its portfolio in about a day, there are some small cap funds that could take as many as 60 days to redeem half their portfolio. Investors need to keep in mind other parameters like PE of the fund, corpus of the fund, volatility measurement and cash holding […]