Latest Stock Market News

“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.

​A rejection was seen last week after forming a new high of 18,778; however, the higher high and higher low structure will be only challenged if we breach 18,464 on the way down. Nifty formed a bearish inverted hammer candle on weekly charts, which means the bias remains negative, especially if we breach the previous week’s low of 18,531.

Developing-nation assets stand to finally take off in the second half, they say, as long as global interest rates peak, Chinese authorities prop up growth and structural reforms in India bolster sentiment. A revival may still make this the decade of emerging markets that Morgan Stanley Investment Management flagged earlier this year.

Data shared by Prime Database show that of the total 41,271 issuers across seven rating agencies in India, as many as 60% or 24,877 issuers were classified as non-cooperating as of FY23. The total number of issuers stood at 34,646 in FY18 of which the proportion of non-cooperative issuers was at 28%.

​So, I think midcap and small cap offer a lot of opportunity. And we have also adjusted in past four-five months our holdings accordingly.