as assistant to the secretary of state, and the international trade economist rebecca harding. welcome to the programme. if at first you don t succeed, try, try and try again seems to be the game plan for kevin mccarthy in his bid to become the speaker of the house, after failing three times yesterday to get enough support from his party. but 2a hours on, the stalemate continues. he s lost twice again already today and now we are heading to a sixth vote, all because a small group of right wing republicans are blocking his path. some of them say they will never support him, no matter what concessions he gives. but mr mccarthy isn t backing down. this is the scene live in the house now, where that sixth vote is expected. nothing can go ahead until a new speaker is elected, no bills can be debated, no decisions made. so, it has to be resolved, no matter how long it takes. it could go on and on until some sort of deal is made behind the scenes. to give you a bit of history if you
While some investors say valuations are unjustifiable going by the historic averages, others say it may well be deserved, given the strong fundamentals of the Indian economy
Varun Saboo of Anand Rathi Shares and Stock Brokers, recommends allocating 70-75% of the portfolio to largecaps, with the remaining in small caps and only high conviction in mid-caps. He believes that valuations are high for midcaps but opportunities are available in large caps and small caps. He expects the upcoming Budget 2024 to focus on infra, power, and may include populist measures benefiting consumer stocks. Sectors like defence, power, and discretionary spends are likely to be in focus.