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In the last 2 years, we have seen major reforms like pledge - re-pledge to make sure that the security given for margin remains in client accounts, upfront margin requirements for all trades, Peak margin system to avoid over leverage, and segregation of client funds and securities.

India is forecasted to grow by 6% in FY24, compared to 6.8% and 8.7% in FY23 and FY22. Foreign investors will have the option to deploy and shift funds from one country to another, while possibilities for a domestic investor will be limited.However, there are options to invest in foreign stocks and based funds through direct schemes, which is not the debate of the article.

On Friday, the Nifty50 ended below the crucial support level of 18500 points at 18497 points with 0.6% losses. Even though BSE Sensex managed to close above the 62000 mark, the index shed 0.6% and settled at 62182.

This is what happens when you have a financial goal in dollar terms but save and invest in INR terms since the inflation differential between India and developed countries have led to INR depreciation by 4% CAGR over the last decade.

Our thought is that once you get the reliability and efficiency then what separates us is the kindness, is the ability to delight our customers whether it is USB ports that we offer, a seat cushion, a newer and fresher cabin, more leg room, etc that is part of the consumer experience that we are providing our customers that will separate us from everyone else.

Some of the PSU banks like Punjab National Bank have not moved up that much, probably it is a great time to buy. Our belief is that all PSU banks will come with a stellar set of numbers due to a combination of multiple factors including loan growth, asset recovery, asset quality improvement and a whole host of other such things and so buying into them will probably give the investors a bang for the buck.

Another sector that is looking attractive is capital goods and from that space we like L&T. We have witnessed very strong momentum throughout the week and the stock is making a series of higher top, higher bottom formation. So there is a clear uptrend in the stock and we believe that L&T will continue its upward momentum.

Despite staying in the weakening quadrant, the Nifty Financial Services sector is seen improving its relative momentum. Besides this, the Midcap 100 and FMCG index continue to remain inside the weakening quadrant. The Consumption index is seen languishing inside the leading quadrant along with the Auto Index. The Energy and the Realty indexes too inside the lagging quadrant but it appears to be sharply improving their relative momentum against the broader markets.

Companies since early this year have grappled with skyrocketing commodity prices that not only hurt rural consumption and consequently sales volumes, but also the profitability

The expansion of the eligibility policy will provide students with the opportunity to use Level I of the CFA Program as a clear signal to employers that they are serious about a career in the investment profession. Many of the skills of portfolio management and financial planning, which are core competencies of the CFA Program, are transferrable to the wealth management industry, and will therefore help address industry demand for well-trained, ethical professionals.