Rana Gupta from Manulife Investment Management sees opportunities in the financial sector despite mid-cycle challenges. He is cautious about industrial capex driven stocks, considering them overvalued. Gupta favors large private banks, non-banks in rural areas, and wealth management firms. He believes the financial sector’s stress is temporary, predicting stabilization in the next two quarters.
Rupee sees sharp swings, closes at 85.26/dollar
This was the second consecutive day the rupee appreciated past the 85 levels, but could not sustain there due to likely intervention by the Reserve
April 30, 2025