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The brokerage firm sees reasonable opportunities across the market spectrum with quality being the key filter

This is because the Q2 forecast reveals a flat PAT trend on a YoY basis for the Nifty50 index constituents. This is in contrasts with the actual PAT growth in Q1, which was around 20 per cent, supported by a low base and traction in economic activity.

Atul Auto was the top gainer in the small-cap pack as it zoomed 30.44% on the BSE in the last five trading sessions. Infra stock Gayatri Projects rallied over 12% and Jindal Drilling 18.8%

For any systematic/algo-based/quant strategy, backtesting is necessary, but it can be easy and is too often misused. Additionally, when done poorly, because concrete numbers are involved, it can give a false sense of reliability and accuracy.

“Angel One has reported consistent client additions, growth in a number of orders and cost discipline, which is reflected in PAT increasing from Rs134 crore in Q2FY22 to Rs 214 crore in Q2FY23,” ICICI Securities said.

The Treasuries market has swelled from $5 trillion in 2007 and $17 trillion in early 2020, while banks are facing more regulatory constraints that they say make it more difficult to intermediate trades.

Few also see any end to the selloff in broader markets, as stubborn inflation boosts expectations for more market-punishing rate hikes from the Federal Reserve and other central banks. The S&P 500 is down around 24% this year while bonds - as measured by the Vanguard Total Bond Market index fund - are down nearly 18%.

Kaarya Facilities and Services’ board will meet for consideration of bonus share allotment

“The whole penetration story continues to play in the mutual fund industry and this is one of the reasons that is driving flows through the SIP route. Besides, SIP has become an alternative investment avenue, and has done well over a 3-year period,” said Sameer Bhise, banking analyst at JM Financial Institutional Securities.

The spot forex reserves are however sharply down from $607 billion in end-March and depleted by $109.58 billion from $642.45 billion seen on September 3 last year. The foreign exchange reserves had fallen to their lowest level since July 2020 to $532.66 billion for the week ending Sep 30.