Anand Shah of ICICI Prudential AMC expresses caution on India’s IPO market, citing stretched valuations and unrealistic growth assumptions. He believes genuine value lies in established listed companies with proven earnings, strong business moats, and rational pricing, especially amidst a time-correcting market.
US stocks today: S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire
The S&P 500 and Nasdaq hit record closing highs as hopes of a US Iran ceasefire extension boosted sentiment. Investors also digested US inflation rising