Latest Stock Market News

According to analyst consensus estimates available on Bloomberg, 15 stocks, tracked by over 10 brokerage houses, could return between 17% and 34% in 2024.

While an easing interest rate environment is seen propping up prices of the yellow metal, double-digit returns like those in 2022 and 2023 are unlikely, especially at the current levels, they said, advising investors to stagger purchases.

The number of deals also saw a significant 66% increase, totalling 340 in CY23 compared to 205 in CY22. Notably, block deals took precedence, contributing to the substantial rise by generating over $20 billion through several large deals.

Indian equities have been far below the 15-16% average compounding for years. In 2010-20, the compounding was only 8.8% — barely above fixed deposit returns. A Rs 100 investment would have become Rs 230 over this decade. Contrast this with Rs 100 invested in 1980 that would have become Rs 700 over a decade.

Small and midcap indices have outperformed large caps in recent years, leading to higher long-term CAGR. However, this trend may not be accurate due to the interplay between industry characteristics, growth potential, valuations, and prospective returns. Small and midcaps are typically in small and mature industries, while largecaps are in large and mature industries.

A number of FPIs that are pooled-vehicles from countries like Mauritius, Singapore, and Cayman Islands - though not from the US - will be able to meet the regulatory conditions that would exempt them from the new rules that require funds breaching certain exposure levels to reveal the identities of all its investors down to the last natural persons.

However, they are advising swing traders to lock in profits, and see immediate support for the Nifty at around 21,500.

Three promoter entities cumulatively sold around 3% stake in Kolte-Patil Developers for Rs 111 crore through the open market on Friday.

But with the stock market at record levels and valuations considered rich, it will be crucial to hold stocks that are less vulnerable to sharp declines in the event of a reversal in the bullish momentum.

Poll participants feel risk reward is still in favour of equities compared with other asset classes such as debt and gold.