By Ankur Banerjee and Bharath Rajeswaran SINGAPORE/MUMBAI (Reuters) -Indian shares set records, the rupee gained and bonds yields dropped in Monday opening trade as exit polls pointed to a third term
While SEBI last week warned of a bubble in these stocks, followed by a minor correction, analysts say this correction can continue and pose big risks to amateur investors.
Sensex surged 87% between April 2020 & October 2021, drawing many new investors looking to cash in on this growth. Since that boom ended in late 2021, investor interest has also waned.
In 24 January report, Hindenburg Research said stocks of Adani Group’s 7 listed companies 'are 85% overvalued'. At least 3 of these have since seen their stock price fall by almost that amount.
Rallying for second consecutive day, the 30-share BSE index was trading with a gain of 429.33 points or 0.80 % Tuesday. The benchmark index also hit its lifetime peak of 53,402.03.
Investors say they are avoiding midcaps based on global economic cues, valuations. While Sensex flirts with technical correction, expensive smaller stocks could have more to lose.
Fauja Singh, 114, died after being hit by a speeding car. His death renews questions about India’s deadly roads, rising accidents, and poor traffic discipline.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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