The monetary policy committee of the Reserve Bank of India (RBI) has decided to raise the repo rate by 50 basis points to 5.40 per cent in order to contain the persistently high inflation
At a time when most of the stocks are down on a year-to-date (YTD) basis, Jaspreet Singh Arora, chief investment officer, Research & Ranking, sees a couple of factors which are in favour of Dalal Street. In an interaction with Business Today, Arora also shared his top themes, investment strategy and views on the available buying opportunities in the beaten-down market.
Beginning today in a 3-part series we look at the current euphoria around the Indian stock markets when experts are confused with the meteoric rise of the markets despite no comparative growth in the economy. We try and solve this conundrum. Today we analyse the comparison between the interest rates, which are at a two-decade low, and the forward price-earnings multiple (forward P-E) of Nifty.