The Shinde-led Shiv Sena has maintained he will continue to be CM despite the NCP joining the state government, which also includes the Bharatiya Janata Party.
CLSA says any correction in the market due to poll related uncertainty could be a buying opportunity.
Given the prevailing uncertainties, investors must maintain a 10-15 per cent allocation to gold in 2023.
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
'Investments are like motion pictures rather than still photographs.' 'Business dynamics keep evolving for better or for worse over time.' 'An investor's job is to keep a tab on these developments,' says Viraj Mehta, head-PMS and fund manager, Equirus Securities.
Pawar, who joined the Shinde government earlier this month, was allocated the same portfolio once again, raising questions as to how the Sena MLAs react.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries
Several mutual funds (MFs) have recently approached the Reserve Bank of India (RBI) as they renew efforts to increase their overseas investment limit. In June 2022, the capital markets regulator Securities and Exchange Board of India (Sebi) permitted MFs to invest in foreign stocks within the aggregate mandated limit of $7 billion after a correction in stocks. One of the proposals shared with the RBI is to link MFs' foreign investment limit to the country's foreign exchange reserves.
Continuing buying interest across the pack helped the Bank Nifty index improve its new high on Tuesday (May 30). The index of banking stocks ended Tuesday's session at 44,436, a gain of 124 points or 0.3 per cent. On Monday (May 29), Bank Nifty hit a new high after a gap of 166 days.
Underweight on the sector since January amid concerns over growth prospects; no early reversal seen
Bengaluru recorded the highest green building stock at 140 million square feet, followed by Delhi-National Capital Region at 74 msf, and Hyderabad at 72 msf for Grade A office buildings as of September 2023.
Portfolios were on Tuesday allocated in the new Bihar cabinet headed by Chief Minister Nitish Kumar who, predictably, retained the all-important home department which helps him keep direct control on the state police.
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
'Now that all the early adopters have the electric car, governments are backing down in some countries because they do not have the money to subsidise so much.'
'The cousins do not have a good rapport with each other in politics, though they may be having a good rapport with each other in family life.'
The benchmark Nifty and Sensex could see another 8-10 per cent from the current levels, said HDFC Securities in its outlook for equity markets in 2024. The brokerage said that the market movement in the next year will not be linear, and there will be more volatility. When asked about the market reaction to the General Elections in 2024, Dhiraj Relli, managing director and CEO of HDFC Securities, said more than the outcome of the elections, the market movement in the next three to four months will decide the market trajectory post elections.
BJP leader Anil Vij on Tuesday skipped Haryana Chief Minister Nayab Singh Saini's swearing-in ceremony where, according to the outgoing CM M L Khattar, he would also have been inducted in the cabinet.
The SC agreed to hear on July 11 the plea of Shiv Sena's Sunil Prabhu seeking suspension from Assembly of CM Shinde and 15 rebel MLAs against whom disqualification pleas are pending.
Rediff.com spoke to registered investment advisors to figure out how best the extra Rs 17,500 saved ever year can be invested to create a decent corpus in the years ahead. This is what they said.
Debt fund managers think the Reserve Bank governor might at best go for one rate cut in April.
Besides high portfolio yield, investors may enjoy capital gains in debt funds in 2023 as bonds rally in anticipation of rate cuts.
Sources in the BJP said the expansion of the cabinet was unlikely before the session though the allocation of portfolios to the NCP ministers might happen in the coming days.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
India remains an attractive destination and the recent sell-off has made valuations attractive in the large-cap space.
Micro-cap stocks are in the line of fire as market regulator Securities and Exchange Board of India (Sebi) is tightening its noose around investment in small-cap stocks. Given this, analysts suggest investors exit the segment, at least, for the time being. Independent market analyst, Ambareesh Baliga, for instance, said that regulators have gotten worried on the valuation front, though belated, which could prove to be the last straw on the camel's back.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Five-time MLA Parshottam Solanki, who is also known as 'Bhai' among his followers, has been winning Bhavnagar-Rural with a comfortable margin.
Financial services and consumer durable companies accounted for most of the selling by foreign portfolio investors (FPI) in the last fortnight of February. FPIs sold finance stocks worth Rs 2,263 crore and consumer durable stocks worth Rs 1,111 crore, according to data collated by Prime Infobase. Information technology (selling worth Rs 708 crore), metals and mining (Rs 694 crore), and power (Rs 497 crore) were the other sectors where overseas funds sold shares.
Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
'The long maturity of these funds makes them well-suited for long-term financial goals such as saving for retirement or children's education or marriage.'
Were they allocating portfolios to the ministers they will induct this week?
With an 11% return in 2022, gold was the best-performing asset class, beating equities, debt, real estate etc, by a considerable margin. Rishi Piparaiya explains why gold needs to be a part of our investment portfolio.
Young investors could allocate in the proportion of 70:20:10 to equity, debt and gold.
'Liquid ETFs help in cash management by enabling a smooth transition between equity and cash within the same settlement cycle, as they trade in the same segment as equity.'
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
Have the markets already played out their dynamics before the economy has even properly taken off? Are we now destined for a period of mediocre returns despite a strong economy? asks Akash Prakash.
Opposition leaders slammed the Centre on Wednesday for its 'limited' focus on important sectors like health and education in the Budget for 2023-24 fiscal.
The biggest bounce is in the realty sector, where the industry index jumped 80%. There's been a turnaround also in automobiles and ancillaries (up 45%). The pharma and health care indices have a welcome return of roughly 35%.
Two days after Anil Vij denied having information about any intelligence input on a possible build-up of tension in Nuh, the Haryana Home Minister on Sunday said Chief Minister Manohar Lal Khattar can update on the issue stressing that he has 'all the information'.
