Friday, October 02
As global geopolitical tensions escalate and crude oil prices edge higher, Kotak Mahindra Asset Management Company's Managing Director Nilesh Shah has warned that any sharp spike in crude oil or disruption in supply could have a negative impact on Indian equity markets.“Indian equity and rates market is like a man having average temperature as one leg is in cold water and the other in hot water,” Shah said, using a metaphor to highlight the current divergence between domestic and global signals.According to him, domestic factors continue to support current valuations, making Indian equities attractive for long-term investors expecting moderate returns. However, he flagged global concerns—ranging from U.S. policy actions to oil market uncertainty—as a rising threat.“Global factors
After a blistering 12% rally on Friday, Waaree Energies is back in the spotlight. With the stock inching closer to its April 2025 peak, Anand James of Geojit believes this breakout attempt may finally stick, setting the stage for fresh highs.Edited excerpts from a chat with Anand James, Chief Market Strategist, Geojit Investments Limited on trading strategy for the week ahead:Nifty has been struggling to move sustainably higher than the 25,000-mark for the last few weeks, as visible this time again. On the fundamental side, triggers are missing, but why is 25k such an important level to watch out for on the charts?Yes, 25k is indeed a daunting challenge. Previous attempts to clear the same had proved to be short-lived as there was hardly any follow-through momentum, thus leading to a sharp
With valuations being near long-term averages and growth iffy, SBI Mutual Fund's equity strategist Pradeep Kesavan is steering clear of extremes. His playbook? A balanced bet—equity and fixed income in near-equal measure, with a dash of gold for geopolitical spice.Edited excerpts from a chat with Pradeep Kesavan, Fund Manager & Equity Strategist at SBI Mutual Fund.How are you reading the current market setup? Is this a time to be cautious or bold?In our view, equity market returns are a function of (i) Valuation, (ii) Fundamentals and (iii) Sentiments. While valuations appear expensive on conventional valuation metrics (P/E, P/B, Market cap / GDP etc.), a more nuanced yield differential model (equity yield vs. bond yield) shows that valuations are currently around long-term average l
As the probe continues into the fatal Air India plane crash in Ahmedabad on June 12, former Director General of Aircraft Accident Investigation Bureau (AAIB) Group Captain Aurobindo Handa (Retd) spoke exclusively to PTI on the investigation process. Handa said going by the visuals of the crash, the aircraft has been very badly damaged by fire and stitching together the evidences would be a tedious process. "In all probability and in fairness, the investigation is likely to be a long drawn process," he told PTI. Handa is also the former Chairman Accident Investigation Group (AIG) of ICAO -APAC Region. During Handa's stewardship, AAIB had closed over 100 investigations, including the fatal crash of Air India Express plane which happened in August 2020 at Kozhikode, Kerala. Following is the d
HDB Financial Services' upcoming Rs 12,500 crore IPO has attracted attention—largely due to its HDFC Bank parentage and earlier excitement in the grey market. But with the grey market premium (GMP) now cooling to around Rs 50–51, or roughly 7% over the IPO price, the earlier exuberance appears to be fading.Before the IPO details were announced, HDB Financial shares were trading in the unlisted market at Rs 1,200–1,350 apiece—nearly 70–80% higher than the IPO’s upper price band of Rs 740. This sharp correction in GMP raises key questions: is the IPO valuation more grounded in fundamentals, or are early unlisted investors now staring at significant notional losses? 122003736At Rs 740, the IPO values HDB at 3.72x FY24 book value—broadly in line with listed NBFCs such as Bajaj F
