Leaders of the last rally are show weakness, says Umeshkumar Mehta of Samco Mutual Fund. Based on the signals, he has raised cash levels in the fund to 15 percent
Many investors who started investing after 2020 are perhaps facing their first major fall in equity markets. Global economic slowdown, high fiscal deficit and geopolitical tensions have added to their concerns. Mutual fund investors have so far remained committed to their SIPs. What should be their strategy now?
India s blue-chips fell on
Monday tracking Asian peers, as the widening conflict in the
Middle East hurt sentiments, while an earnings-led rise in
private lender ICICI Bank capped losses. .
India Business News: Monday mayhem in markets: The benchmark BSE Sensex crashed over 850 points in late afternoon trade on Monday, finally closing at 64,572, down 826 poin
The financial performance of PSU banks no doubt will be better and the stock prices have been marching upwards mean reverting to their historical fair value levels, says UmeshKumar Mehta of Samco.