Thursday, March 19
Motilal Oswal Private Wealth is advising investors to adopt a balanced allocation strategy — anchoring portfolios with large-cap or hybrid funds, and complementing them with staggered exposure to midand small-caps — with sentiment improving following the finalisation of the India-US trade deal.“Investors could allocate 50% to large caps and hybrids, 40% to mid and small caps, and 10% to global markets,” says Ashish Shanker, MD & CEO, Motilal Oswal Private Wealth. He recommends making lumpsum allocations to large caps and hybrids immediately, while staggering investments into mid and small caps over the next couple of months. Within global markets, he favours emerging-market exposure. Following the sharp run-up in silver prices, the wealth manager suggests partial profit-booking
The Securities and Exchange Board of India (Sebi) is not planning any immediate measures to regulate equity derivatives, chairperson Tuhin Kanta Pandey said on Wednesday.“At this moment, we are not contemplating any measures, and whatever framework that we have put in place, that will continue,” Pandey said. “When we as a regulator look at derivative markets, we do so in a very methodical manner based on data.”The government raised transaction taxes on equity derivatives in the Union Budget to curb speculative trading. India’s futures and options volumes are more than 500 times the country’s GDP, underscoring the need for arate adjustment to rein in excessive activity, it said.Separately, on the US-India trade deal, he said it would help get more investments into the country.
Asian stocks dropped for a second day after Wall Street investors moved out of technology firms and rotated into a broader range of companies amid concerns about high valuations and spending.The MSCI Asia Pacific Index dropped 0.3% at the open. The Kospi Index in South Korea — a poster child for artificial intelligence investments and the best-performing index worldwide this year — led the losses, dropping 1.6%. The Asian moves came after the Nasdaq 100 saw its worst two-day rout since October, breaching its 100-day moving average, a level seen by some technical analysts as a harbinger for more losses. Futures contracts for US gauges, however, rose 0.3% in early Asian trading, indicating selling pressure may be easing. Elsewhere, gold and silver advanced, continuing their rebound from
