Kotak said it finds most sectors and stocks quite overvalued in the context of historical valuations coupled with the Streets high assumptions for profitability in the short term, which may not sustain and weak business models and/or emerging risks to even hitherto strong business models in the medium term.
Nifty 50 Junior outperformed Nifty 50 in both monthly and yearly comparisons, with strong returns from stocks like Zomato and Adani Green Energy. Nifty 50 Junior has delivered a return of 5.94% in the current month, while Nifty 50 has gained 1.45% in the same period.
Zomato and Trent have led the Nifty 100 index with stellar returns, with Zomato shares generating a tremendous return of 207% and Trent shares rewarding shareholders with a massive return of 192%.
Indian IT stocks faced a downturn in today s trading session due to higher-than-anticipated US consumer inflation data released yesterday, raising concerns about the Federal Reserve s ability to implement multiple rate cuts this year.
Index provider MSCI raised India’s weightage in its Global Standard index to an all-time high of 18.2%. The rise could lead to inflows of about $1.2 billion. India’s weightage in the index has nearly doubled since Nov 2020. Find out more about the impact of this change on Indian stocks and the market.