Investors should avoid jumping from their current funds into those that have outperformed lately, advises Arnav Pandya, a certified financial planner.
tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent.
A cocktail of heatwave and upcoming cricketing events is expected to usher in the peak season for the country's largest beer maker, United Breweries. The beer maker, which has gained share in some key markets, will be a major beneficiary as April to July is an important period contributing to 40-45 per cent of its annual beer volumes. Going ahead, the T20 Cricket World Cup in June and the ongoing IPL will have a positive impact on volumes and should be able to offset the negative impact of elections on sales, experts believe.
Here is a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the ruling Congress in Chhattisgarh.
The Tamil Nadu government filed a criminal complaint in a sessions court in Chennai on Wednesday against state Bharatiya Janata Party president K Annamalai for defaming Chief Minister M K Stalin.
Never before has the BJP faced such a crisis over the nomination of the Chief Minister as it is facing now, discovers Prakash Bhandari, veteran observer of Rajasthan politics.
Improvement in financial savings channelised massive inflows into the equities market through the mutual fund route.
Although India-US relations have strengthened significantly in recent years, partly because of the security situation in the region, the Indian policy establishment would have to be prepared to protect India's interests in a world that could get more unpredictable.
According to insiders, their lack of enthusiasm is showing on the ground. There is nothing to suggest that their enthusiasm will return in the final four phases of polling, observes N Sathiya Moorthy.
The BJP leader said his party was committed to fighting against corruption and it would reflect in its proposed statewide yatra titled En Mann En Makkal (my soil, my people), ahead of the 2024 Lok Sabha polls.
The 'black paper', titled '10 saal anyay kaal' also alleged that issues such as rising prices, unemployment, subversion of institutions and farmers' 'distress' had plagued the country.
The Indian equity market clocked record average daily turnover (ADTV) in both the cash and derivatives segments in February amid a spike in volatility. The ADTV for the cash segment for both the exchanges combined came at Rs 1.27 trillion, while the same for the derivatives or the futures and options (F&O) segment stood at Rs 483 trillion in the previous month. The volumes for both cash and derivatives have almost doubled from a year ago on the back of rising retail participation in the world's fourth largest equity market.
'Once elected, you have to act like people's representative for the full five years or else people show you your place.'
The State Bank of India (SBI) on Wednesday told the Supreme Court that a total of 22,217 electoral bonds were purchased by donors between April 1, 2019 and February 15 this year, out of which 22,030 were redeemed by political parties.
'An entire operation was running systematically prior to the revoking of Article 370.'
The Enforcement Directorate on Wednesday morning raided the premises of Aam Aadmi Party MP Sanjay Singh in connection with the Delhi excise policy-linked money laundering case, officials said.
The Congress leader, who resigned as the chief minister Sunday night, emerged victorious in the Patan assembly seat, defeating BJP candidate Vijay Baghel by 19,723 votes in the state assembly elections held last month.
Here is a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the ruling Congress in Chhattisgarh.
The Congress alleged that the claims made by the ED against Baghel are part of a "conspiracy" hatched by the BJP to tarnish the Chhattisgarh chief minister's image and asserted that the people of the state would give a befitting reply to such tactics in the upcoming Assembly poll.
People aware of the development said, Law Secretary Niten Chandra, Legislative Secretary Reeta Vasishta and others met Kovind this afternoon to understand how he would like to go about the agenda before the committee.
The Tamil film industry won't forget Vijayakanth's large-heartedness, how he took care of fellow industry persons, male or female, rich or poor, young or old...recalls N Sathiya Moorthy. How he sent money quietly for the family of a stunt artiste to meet his funeral expenses, how he always ensured that all female co-stars, including junior artistes, had secure accommodation on outdoor shoots, and how he would always the first to rush help if anyone from the fraternity was in distress.
As the 2019 election draws near, investors focus on long-dated options.
Party treasurer Ajay Maken has claimed that "democracy will be over if the action of probe agencies goes unchecked" and said the Congress has full faith in the judiciary.
Trinamool Congress is the second highest recipient of political donations through electoral bonds.
'When corporates have a stake in the government through contributions to political parties, democracy, which is supposed to work for the common man, doesn't.'
Continuing on the fiscally prudent path, the Modi government in the interim Budget refrained from announcing populist measures, which will help it trim the fiscal deficit to 5.1 per cent of the GDP next fiscal and 4.5 per cent in FY26.
Trinamool Congress general secretary Abhishek Banerjee and several other party leaders were detained on Tuesday night as they held a dharna at the Union Rural Development Ministry office in New Delhi demanding a meeting with the minister and released around three hours later.
The Congress on Friday alleged that the electoral bonds data has exposed 'corrupt tactics' of the Bharatiya Janata Party such as quid pro quo, seeking donations for the company's protection, kickbacks and money laundering through shell companies.
Global trends, trading activity of foreign investors, outcome of state elections and RBI's interest rate decision are the major factors that will drive the movement in the domestic equity markets this week, analysts said. "Global markets are currently in a fabulous mood. The US 10-year bond yield and the dollar index are also cooling off, which gives strength to the market. These factors will be closely monitored, as they have the potential to influence market sentiment," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd. On the political front, the results of assembly elections in five states are eagerly anticipated, Gour said.
Modi wants the BJP to gets an additional 10% of the vote share from what it won in 2019. Plans are afoot to get new faces to replace MPs with poor chances of winning. Sources say more than 100 MPs are like to be axed, notes Modi biographer Ramesh Menon.
'We need a candidate who will do our work and fight with the authorities; someone we can hold accountable.' 'Piyush Goyal is not that candidate.'
Foreign funding licences of 8,353 NGOs were not renewed by the Union home ministry and the registration of 264 NGOs was suspended in the last five years, the Rajya Sabha was informed on Wednesday.
Reliance Retail Ventures Ltd (RRVL) is discussing a three-pronged plan that includes an additional divestment of $250-300 million this year, apart from what it has diluted in favour of the Qatar Investment Authority (QIA) and US-based private equity fund KKR recently.
What some of our leaders were up to on Thursday, October 5, 2023.
The 78-year-old Naveen is on the cusp of creating history. He must win the forthcoming Assembly polls to become India's longest-serving chief minister, a record held by Sikkim's Pawan Kumar Chamling.
On one hand, South Indian states have been complaining about denial of a proportionate portion of the sharable funds from the Centre, based on population. On the other hand, they stand to lose Lok Sabha and Rajya Sabha seats that again are based on population, points out N Sathiya Moorthy.
'A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals.'
Every young diploma and degree holder in the country will have the right to apprenticeships in the private and government sectors, he said.
Prime Minister Narendra Modi on Tuesday said he had rejected a request of Telangana Chief Minister K Chandrasekhar Rao to join the NDA, after the Hyderabad Municipal Corporation elections in 2020, citing his "deeds".
According to DMK, the voters are already consolidated on ideological lines, hence the impact of anti-incumbency, whether against the BJP Centre or the DMK state may not be too much, notes N Sathiya Moorthy.