If you are a foreign investor, remember that India has reached a scale where a 10% equity exposure in your portfolios is a necessary growth allocation.
The question is a fair one, considering the risky asset class in a country struggling with its most horrific calamity since its violent partition & independence nearly 75 years ago.
Prospects for global recovery amid progress with Covid vaccines has caused investors to shift from defensive growth stocks to cheaper economically sensitive shares.
The brokerage’s view is based on factors including historical data showing the Nifty completely retracing declines of over 25% within one year three times over the past 12 years
Kotak Bank was the top gainer in the Sensex pack, followed by IndusInd Bank, Bajaj Finance, HDFC Bank, ICICI Bank. Among the laggards were PowerGrid, M&M, Tech Mahindra, Titan.
Markets went into selloff mode as winding up of a few debt schemes by Franklin Templeton added to the selling pressure witnessed in banks and NBFC stocks.
Sensex tracked heavy losses in banking, energy and IT stocks amid volatility in global market as international crude oil prices went into a tailspin overnight.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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