After the Reserve Bank of India announced that the asset quality of banks has shown significant improvement in the first half of FY24, market expert Porinju Veliyath took to X (formerly Twitter) to praise the central bank on achieving this extraordinary feat.
Taking to X (formerly Twitter), Veliyath alerted his followers with a stark message: ‘Friends, pls beware of the cyber criminals impersonating me and attempting to defraud the public on SM (social media).’
“India presents an unparalleled long-term opportunity for equity investors today that conviction is what is making the money flow into the market. We have numerous structural trends such as young demographics, massive infrastructure built up, digitization, formalization of the economy, growing financial inclusion and the alternative sourcing hub India is becoming for the global industries, all combined with the ongoing huge historic reforms.”
The first week of the Samvat 2080 is likely to remain positive amid consolidation, with focus on inflation numbers from the US and India, evolving dynamics of global markets, falling oil prices and speech by Federal Reserve officials