SBI Mutual Fund’s equity strategist Pradeep Kesavan adopts a balanced investment approach amid uncertain market conditions. He suggests a near-equal allocation to equity and fixed income, supplemented by gold for geopolitical hedging. While large caps are favored over small and mid-caps due to valuation concerns, BFSI and life insurance sectors appear promising.
Asian markets edge higher after Wall Street rally
Asian stocks experienced a slight increase following Wall Street’s record-breaking rally, fueled by renewed optimism in big tech, particularly Nvidia’s investment in OpenAI. While US