Latest Stock Market News

We have been managing an AUM of 400cr across two long-only equity schemes and we have recently executed the pre-closure of our maiden fund around 5 months before the scheduled maturity of the fund and returned 100% of that scheme’s capital to the investors. We currently have one scheme live with an AUM of close to 290cr.

The swing lower from oversold levels is similar to the one seen in late May, except for two facts: Firstly, this time, the turn is from a higher level, and closer to record peak. Secondly MACD histogram has registered a sizable dip below zero line.

We expect earnings trajectory to improve in the coming quarters led by improved margins driven by moderating cost inflation. In our opinion, market returns are likely to be in line with corporate earnings growth.

It has been a joy ride for equities and investors in the last couple of months. We have seen excellent performances by both the stocks and the market indices.

“I always aspired to become a doctor. However, destiny had a different plan and I narrowly missed the Mumbai merit cut off,” says Dasgupta, who then found herself studying economics, maths and statistics, and pursuing Masters of Business Administration (MBA) at IIM Ahmedabad.

Overall we have been positive. We have recently upgraded Godrej Properties, we feel that the valuations are comfortable. We continue to like Macro Developers which is a large player in the Mumbai region, continues to do well and we see strong growth there. So these two are, you can say, our preferred picks within the overall real estate space.

The US Dollar remained close to recent multi-week lows against major currencies as central bank meetings commence. This week sees the meetings of the Federal Reserve, the Bank of Japan (BOJ) and the European Central Bank (ECB), with policy announcements being keenly monitored for future rates clues. The US Dollar was last seen at 103.58, having lost almost 0.5% last week, while traders are increasingly expecting a pause from the Federal Reserve. Meanwhile, most economists polled predict a 25bp interest rate hike from the ECB this week, and a similar rise again in July.

Gold prices slipped slightly in Asian trading as the dollar held strong and investors prepared for several central bank policy meetings this week, anticipating a likely pause in rate hikes by the US Federal Reserve. The focus is now on the release of US consumer price and producer price index data on Tuesday and Wednesday, respectively. Gold usually increases in uncertain times, however, the low-interest rates also make the zero-yield asset more attractive. Physical gold demand decreased in China and India last week, leading to discounts being offered by dealers.

​Every company has a journey so every company might start small, but some of those then are able to acquire market share and become big. So I am sure there are companies in microcap tomorrow, which can become a small cap, mid cap, and maybe, a small percentage can also go and become a large cap tomorrow.

Rating agencies either rely on publicly available data or withdraw the rating of such borrowers who refuse to disclose financials and other information.