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“Stick with SBI, BoB and CanBank among the largecaps in financials. As a disclosure, we were very bullish on PNB and Union Bank. That has more than doubled. We have taken some chips off the table but we still think there is room and one can continue to grow in the credit splurge which is going to take place.”

“We are overweight on financials. Within financials, we see a long-term, 3-5-year story of a good asset quality cycle. We are recommending people to get into places where stocks have remained cheap and we expect asset quality to stay good for multiple years and not just a single year cycle.”

With a large following on Twitter, YouTube and Telegram, Rakesh Bansal is not only a trader and investor but also advisor, trainer and mentor to thousands of newcomers on the Street.

New York Fed President John Williams said on Friday it remains possible the U.S. central bank will raise rates more than it expects next year

Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.

The Supreme Court on Wednesday directed the Delhi High Court to proceed with the execution of the Rs 4,600 crore arbitration award granted in favour of DAMEPL, which had pulled out from running the Airport Express metro line over safety issues and take it to a logical end within three months.

“November data shows largecap category witnessed redemption of Rs 1,038 crore on one side, while on theother side, midcap category saw inflows of Rs 1,176 crore and smallcap funds received Rs 1,378 crore,” said Viraj Gandhi, CEO, Samco Mutual Fund.

In domestic markets, silver prices started the year around Rs 62,000, then touched Rs 73,000 in March, fell back to Rs 52,000 in August and now prices have rallied back above Rs 68,000 due to the rupee depreciation during the year.

Nifty has officially delayed its breakout and will continue resisting the crucial 18,600 levels. Moving past this point remains critically important to reattempt any breakout by the index. On the other hand, Bank Nifty has continued to relatively outperform Nifty.

Let us get into some data-crunching now. There have been only five instances since 2005 where the Nifty Smallcap100 has given negative returns. However, in the following year, the index yielded a return of above 20% barring a single instance in 2019.