Despite recent underperformance, wealth managers suggest high-risk investors consider the Nifty IT Index Fund or ETF, staggering investments over 2-3 months. Factors like a high margin of safety, attractive dividend yield, rupee depreciation, and potential easing of tariff concerns create an opportunity. The IT index has fallen significantly, presenting a potential upside with limited downside.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend