Global market strategist Mark Matthews anticipates a significant rebound in India’s equity earnings growth starting next fiscal year, projecting 16-18% for the Nifty. He believes consumer stocks will likely benefit most from tax cuts and declining interest rates. Matthews also downplayed concerns about a US labor market downturn, citing healthy key indicators despite a government shutdown.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of