Sensex, Nifty: Kranthi Bathini said Nifty would be able to sustain the level of 22,500. From here onwards, there would be an upside only, not downside, he said.
Companies raise Rs 61,900 crore through IPOs, highest number of issues since FY08 financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Aniruddha Naha, CIO at PGIM India AMC, shares investment philosophy emphasizing good businesses with strong cash flows and balance sheets. Strategies include trend identification and valuation-based stock selections, anticipating strong earnings growth in the near future. Naha points out that eventual multibaggers are good businesses, which probably are going through a down cycle, and hence both earnings and valuations are compressed.
With 2024 expected to be favourable to bonds given India’s inclusion in the JP Morgan Emerging Market Index and the Reserve Bank of India (RBI) beginning a shallow rate cut sometime in the second half, experts feel the yield could even slip to 6.80 per cent
Budget Announcements: The Indian government plans to borrow 14.13 trillion rupees ($170.36 billion) in the next fiscal year, lower than economists estimates, according to Finance Minister Nirmala Sitharaman. Net borrowings are expected to remain largely unchanged from the current fiscal year, at 11.75 trillion rupees. The funds will be used to finance a fiscal deficit of 5.1% of GDP, with the government also conducting switch auctions worth 1 trillion rupees. Additionally, 4.66 trillion rupees will be raised through India s small savings fund to cover the budget gap.