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“While fintechs might take away some part of the profit pool, it would not be large enough to derail the Indian banking valuations. The distinction between fintechs and banks will keep going down and over the next few years, banks have to become fintechs themselves.”

New fund offers (NFOs) for both schemes will open on January 13 and close on January 27.

Evergrande is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of offshore bonds deemed in cross-default by ratings agencies last month after it missed payments

“There are three sectors where I am seeing very elevated levels of board room aggression – lenders, IT services and specialty chemicals. Over the next one to two years, our contra call is the whole gamut of quality financials giving good returns over the next couple of years.”

The foreign firm pegs India’s current account deficit (CAD) at 3.4 per cent of GDP in October-December, sharply higher than 1.3 per cent a quarter-ago and at 1.9 per cent of GDP in 2022-23 (Apr-Mar), up from an estimate of 1.6 per cent in the current financial year.

On the technical charts, the RSI of the stock stood at 47.43.

Despite recent correction, investors are hunting for tokens that can reward them with hefty returns

While 2021 was a year of crypto supremacy, 2022 will redefine ‘Crypto Resilience’. And as an investor, your primary focus should be on knowledge building throughout the year.

December was yet another blockbuster month for IPOs with 12 issuances raking in Rs 16,800 crore.

“ICICI Bank and Bharti Airtel are the two stocks where the overall growth trajectory continues to look very good along with relatively lower risk.”