‘Dumb money is chasing dumb IPOs’: Shankar Sharma on India’s public markets amid Lenskart buzz
Veteran investor Shankar Sharma slams India’s IPO market as the “dumbest in history,” citing Lenskart’s pre-IPO activity. He alleges a “beautiful little game” where anchor investors create artificial legitimacy, leading to inflated valuations. Sharma claims companies exploit retail investors’ anchoring bias, causing stocks to collapse post-listing, only for investors to be trapped again.
Coinbase holds edge in US crypto race even as rivals’ public listings reshape landscape
Coinbase’s strong earnings are being overshadowed by increasing competition as regulatory clarity boosts the crypto market. New players like Gemini and Bullish have gone public, while Kraken prepares to list. Despite its first-mover advantage and institutional trust, Coinbase faces pressure on its premium pricing and retail outlook. The company is actively acquiring to maintain its […]
Bitcoin breaks October streak with first monthly loss since 2018
Bitcoin is on track for its first monthly loss in October since 2018, ending a seven-year streak of gains. The digital asset is set for a nearly 5% decline this month, struggling amid broader market jitters and investor uncertainty about global monetary policy. Despite this dip, Bitcoin remains up over 16% year-to-date.
FIIs boost holdings in state-run banks in the September quarter. Is the smart money betting on a breakout?
Foreign investors are boosting their holdings in Indian public sector banks. This move signals growing confidence ahead of potential government policy changes. An increase in foreign ownership limits could unlock significant capital. Analysts see this as a positive development for the banking sector. The September quarter data shows a clear trend of renewed FII interest […]
Targeting Rs 2 crore in 15 years? Here’s how tweaking mutual fund SIP can get you there
An investor aiming for a Rs 2 crore corpus in 15 years has a strong mutual fund SIP portfolio. While his current Rs 40,000 monthly investment shows promise, expert advice suggests minor tweaks to asset allocation for better diversification and risk management. Increasing SIPs annually or adding lump sums can help bridge the gap to […]
Rekha Jhunjhunwala buys 1 crore shares of multibagger PSU stock after Federal Bank, Titan Company in Q2
Ace investor Rekha Jhunjhunwala significantly boosted her stake in Canara Bank, acquiring an additional 1 crore shares. This move aligns with positive market sentiment for PSU banks, potentially driven by increased foreign investment caps. Jhunjhunwala also increased her holdings in Federal Bank and Titan Company, underscoring her continued confidence in India’s financial and consumption sectors.
Mind Over Money: How meditation, fitness & sports shape Shripal Shah’s leadership at Kotak Securities
Shripal Shah, CEO of Kotak Securities, reveals how meditation, fitness, and sports cultivate leadership. Mindfulness aids clear decision-making under pressure, while strategic games like chess mirror business adaptability. Running fuels focus, and sports teach resilience in both victory and defeat, fostering a balanced approach to a demanding career.
Banks tap Fed Standing Repo Facility in record numbers amid month-end pressures
The Federal Reserve’s Standing Repo Facility loaned a record $50.35 billion on Friday to address month-end liquidity pressures in short-term funding markets. Two operations saw the facility lend $30 billion and $20.35 billion, respectively, to eligible financial firms facing temporary cash needs.
Wall Street Week Ahead: Resilient stocks rally faces earnings wave after AI, Fed wobbles
Indian markets are watching a strong US stock rally. Investors are focused on upcoming company earnings and the US Federal Reserve’s interest rate decisions. The market is at high valuations, making earnings crucial for future gains. The first week of November is historically positive for stocks. AI investments are a key theme, with companies announcing […]
5 world market themes for the week ahead
Markets face a crucial November. The U.S. government shutdown impacts economic data. Central banks in the U.S., Europe, and Japan are making key decisions. The Bank of England’s meeting could bring significant market moves. Oil prices remain uncertain. Australia’s inflation data complicates interest rate outlooks. Investors watch for market shifts.