Friday, October 16
Mirae Asset’s Fund Manager Siddhant Chhabria believes India is entering a multi-year consumption upcycle, driven by easing inflation, tax reliefs, and a rural rebound. In an interview with ET Markets, the fund manager explains why consumer discretionary is better poised than staples to capture the next leg of demand recovery.Edited excerpts:Let's start with the big picture. Do you think we're at the cusp of a multiyear consumption upcycle given tailwinds related to rising middle-class, lowering of interest rates and tax, etc?Definitely, consumption in our view is a multi-year theme for the Indian economy. Consumption has grown below its potential post covid which can be measured by below potential growth in personal consumption expenditure (PCE). PCE has grown at ~9% CAGR during FY19-25
"So, this market is all about quick shifting and getting into the momentum based stocks at any given point of time," says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd.I wanted to try and understand how should one gauge this sort of a market because at one point in time you had a significant downturn in the market, you were very sure that the markets are only going to drift lower, then you saw a rally in the market and you were sure that the rally will continue. Now markets are in a consolidatory phase, so what should you do? What should be the strategy, wait, watch, and hold on to it?Deven Choksey: Well, as I understand, the market is now experiencing the sector and the stock rotations in a significant manner. Those stocks which have significantly appreciated, likes of Reliance included,
A massive dust storm followed by heavy rain hit several parts of Delhi-NCR on Wednesday evening, after a hot and humid day where the "feels like" temperature touched a scorching 50.2 degrees Celsius.According to the India Meteorological Department (IMD), the actual maximum temperature during the day was 40.7°C, slightly above normal, while the humidity levels ranged between 64% and 34%.— PTI_News (@PTI_News) What is ‘feels like’ temperature?The "feels like" temperature, or heat index, is a measure of how hot it really feels when you combine the air temperature with humidity. The IMD explained that this is calculated using a formula that factors in both temperature and moisture in the air.Hottest night of the season so farThe city also saw its warmest night of the season, wit
Gold is more liquid than many major global financial assets, with average daily trading volumes reaching approximately US$163 billion in 2023, US$233 billion in 2024, and surging to US$298 billion in March 2025, according to a report released by the World Gold Council (WGC).The gold market is large, global, and highly liquid. WGC estimates that total physical gold holdings – across jewellery, bars, coins, central banks and investors – are worth approximately US$16.1tnThe scale and depth of the gold market means it can comfortably accommodate large, buy-and-hold institutional investors. Unlike many financial markets, gold’s liquidity remains resilient even during periods of financial stress. This makes gold a valuable asset for investors needing to meet liabilities when other, less li
