S. Naren, CIO of ICICI Prudential, is increasing exposure to large-cap stocks, highlighting valuation challenges rather than macroeconomic concerns. Despite looming US tariffs, he remains cautiously optimistic, advocating for a balanced investment strategy. Overseeing more than $100 billion in assets, Naren told Bloomberg News, “India doesn’t have a macro problem—it has a valuation problem.” He…
In a significant economic development, India has witnessed a substantial drop in its trade deficit, reaching a 5-month low of $19.37 billion in the month of September. This remarkable achievement was announced by Commerce Secretary Sunil Barthwal on October 13, signifying a positive trend in the country’s economic landscape. Positive Indicators in September Exports Goods…
Sensex Plummet: Exploring the Factors Behind the Market Turmoil The recent plummet in the Sensex has left investors bewildered and searching for answers. With over ₹12 lakh crore wiped off the market capitalization of BSE-listed stocks, questions arise about the underlying causes of this dramatic downturn. Let’s delve into the details and dissect the intricacies…
In a significant development, the growth within the key infrastructure sector has surged to a remarkable 8% during the month of July in the year 2023. This expansion comes as a result of meticulous analysis and is substantiated by data provided by the Government. This surge signifies a substantial improvement compared to the same period…
The report’s core message is that there is not one single AI bubble, but several overlapping “bubbles” in valuations, investment, and technology, each with different risk profiles. Public mega-cap tech looks expensive but is still broadly anchored in earnings and cash flow, while the most extreme valuations and risk-taking sit in loss-making private AI model…
On October 26, the Nifty Realty index took a significant hit, plummeting by as much as 3 percent, while the Nifty Metal index also saw a decline of up to 2 percent. The most significant casualties of this market turmoil have been the realty and metal sectors. Analysts are forecasting the possibility of continued pressure…
The Union government has significantly reduced the windfall tax on domestically produced crude oil, lowering it from Rs 7,000 per tonne to Rs 4,600 per tonne. This decision marks a notable shift in fiscal policy concerning the oil sector, reflecting changes in the global oil market dynamics. The windfall tax on Diesel and ATF Remains…
UGC NET Result 2023 Announcement by NTA: Stay Informed with Live Updates In the pursuit of academic excellence, aspiring candidates eagerly anticipate the release of UGC NET Result 2023 for the December session. The National Testing Agency (NTA) is gearing up to unveil the outcomes soon, creating a buzz among candidates. Stay tuned to this…
NASA’s Pace satellite soared into the cosmos, marking a pivotal moment in climate research. Here’s how this groundbreaking mission is set to reshape our understanding of Earth’s oceans and atmosphere. Unveiling Earth’s Dynamic Environment The launch of NASA’s Pace satellite heralds a new era of exploration, as it embarks on a mission to unravel the…
Japan’s stock market made history on Monday as the Nikkei 225 Index soared past the 50,000 mark for the first time, fueled by optimism over expected government stimulus under newly elected Prime Minister Sanae Takaichi The benchmark Nikkei climbed 2.46% to close at 50,512.32 — its highest finish ever — extending a powerful rally that…
