Indian market created history yet again on November 20 when the Sensex hit a new high of 40,816, while the Nifty had a touch-and-go moment with 12,000, just 120 points shy of its best-ever performance of 12,103.So, what should be the trading strategy? Is it time to buy the fear in the small and mid-cap space or stay with steady large-cap stocks?The answer lies in your risk-taking ability. Even though the market valuations look stretched, largecaps could still be in favour. However, value buying could be seen in select mid and small-cap stocks, say experts.Close The market is at record highs and valuations have been stretched since the last quarter. The broader markets are still significantly lower from their highs as Small and Midcap indices are still down by about 20 percent from their record highs. related news Don’t miss! Stocks from life insurance and AMC likely to be included in Sensex & Nifty Banking set to see a recovery, life insurance the next big sector: … [Read more...] about What should be your strategy, buy largecaps or chose from mid & smallcaps?
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After a fantastic year for Indian equity markets, domestic mutual fund industry experts are hoping for another blockbuster year in 2018.The year 2017 was one of the best years for mutual funds in recent years as the industry matured and attained some level of sustainability. In fact, this was the best ever year for Indian retail investors because unlike most of the previous bull runs, which were led by FIIs, this one was led by domestic retail inflows.The Indian markets were on a roll in 2017 with indices delivering around 27-28 percent return between January and December. Indices clocked fresh milestones frequently after Nifty first hit an all-time high of 10,000 in July. The Nifty has largely traded above the 10k-mark since then, running parallel to the Sensex, which hit 34,000 for the first time on December 26.Close Domestic investors have really been the big drivers for this market, especially through the mutual fund (MF) route. In nine out of the 11 months till November, equity … [Read more...] about MFs had a terrific run in 2017, but can they create wealth for investors in 2018?
Markets regulator SEBI will be looking to tackle a host of issues at its board meeting on November 20.Here are some of the major talking points:Rights issue processClose Based on a long-pending demand of making the rights issue process more efficient, the market regulator may discuss a significant reduction in time taken to process a rights issue to 31 days or less, from the current 55-58 day framework. related news Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: FICCI NCP leaders meet ahead of joint meeting with Congress Zydus Cadila gets USFDA nod for Isosorbide Dinitrate tablets, Desonide Cream As it stands now, a rights issue process, through the fast track route, typically takes 55-58 days and excludes the period taken for completing the letter of offer and any statutory and regulatory approvals.This has been under discussion as issuers perceive a higher exposure to price risk due to current rights issue process.To this effect, the … [Read more...] about SEBI board meet: Here’s all you need to know
Amol AgrawalThe Reserve Bank of New Zealand (RBNZ) has long been a pioneer of many things in central banking. The RBNZ pioneered the practice of inflation targeting 30 years ago in 1989 which soon became a gold standard for central banking worldwide. After the 2008 crisis, it continued to be a pioneer in both monetary policy and financial stability.The RBNZ has made another recent change which is interesting and worth exploring for other central banks.Close Till November 2018, the RBNZ senior management comprised one governor, one Deputy Governor (in charge of financial stability) and two assistant governors — one responsible for economics and the head of operations. On November 2, 2018, the central bank reorganised itself and this led to number of assistant governors increasing from two to five. The new functions given to the three new AGs were: governance, strategy and corporate relations; people and culture and chief financial officer. related news RBI supersedes … [Read more...] about Banking | Should RBI have a Deputy Governor based outside Mumbai?
The Reserve Bank of India (RBI) net sold $18.662 billion of the greenback in the spot market, during the first seven months of the current financial year, according to RBI data.In the same period last year, RBI was a net purchaser of the greenback, as it had bought $16.301 billion. In September, 2018, RBI sold $31 million of the US currency in the spot market on a net basis, as per the latest RBI data.In the reporting month, the central bank purchased $1.012 billion, while selling $1.043 billion in the spot market. In August, and July, it had sold $2.323 billion and 1.87 billion, respectively, on a net basis.Close The apex bank said that In April, May and June, it had, on net basis, sold $2.483 billion, $5.767 billion and $6.184 billion of the US currency, respectively. In September 2017, RBI had net bought $1.259 billion of dollar, after it purchased $3.788 billion and $2.529 billion in the spot market. related news Banking | Should RBI have a Deputy Governor based outside … [Read more...] about RBI net sells $18.66 billion between April-September