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.
eMudhra shares crash another 4%, down 40% in 3 sessions. What’s behind this free fall?
eMudhra will exit its global SSL/TLS certificate business following a security incident involving compromised private keys linked to eight intermediate Certificate Authority certificates. The segment