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“The key is valuations, given that we have been such a huge outperformance. Relative valuations are extremely stretched and from that perspective, it is possible that at current valuation levels, we will see some degree of volatility. We have been of the opinion that this is going to be a year of stock picking and that is something that we will continue with. Bottom stock picking is likely to be the way forward and that is how we are looking at our portfolios as well.”

The vast majority of the decline in ETFs assets has come from the falling price of Bitcoin and other holdings, not from outflows, which have been small. Crypto ETFs saw C$51 million of outflows year-to-date as of Nov. 18, according to data from Straus -- though C$20 million of that came in those first 18 days of this month.

Weakness persists in the US Dollar Index as it fell from its cycle high of 113.92 on October 13 to its cycle low of 105.34 on November 15 on market participants adjusting to the slower rate hike path of the US Federal Reserve.Gold closed the week ended on November 27 with a gain of 0.15%, which is not much given the fact that the US Dollar Index slid around 0.95% to 105.97, while the 10-year US yields were down nearly 3% to 3.69% on the week.

Production is projected lower due to a decline in acreages by 0.8% year-over-year (y-o-y) while yield is estimated to drop by 0.8% from the previous year. Kharif foodgrain production is estimated to drop by 6.2% y-o-y to 146.39 MMT mainly due to a fall in rice production while Kharif oilseeds production is projected to fall by 8% y-o-y to 21.97 MMT due to a fall in groundnut and castor production.

“I will throw some weight on discretionary consumption which can be food and beverages or jewellery and watches and of course, what better play than Titan? Apart from it, not exactly discretionary but there are certain businesses that we like in the food & beverage space which is something like Varun Beverages.”

"There are sectors that are only represented by smallcaps and where there are some pretty exciting opportunities. These would include sugar, paper and textiles. Sectors where there is clear transformation is happening in terms of the way businesses are conducted are the biggest examples that one can give in terms of what impact smallcaps can have if they have conviction."

Strategists at Goldman Sachs Group Inc. expect Asia’s equity leadership to shift from Southeast Asia and India to markets like China and Korea next year, while Societe Generale SA says Taiwan’s tech-heavy market is also at an inflection point. Jefferies Financial Group Inc. has echoed similar views.

As per the addendum, first-half revenue rose 24% to Rs 2,905 crore from the year ago. It swung to a profit of Rs 63 crore in the first half from a loss of Rs 280 crore in the year earlier, as per adjusted ebitda. Ebitda grew eightfold to Rs 56 crore in the second quarter, driven by a 23% sequential rise inmonthly revenue per property or gross booking value (GBV) per hotel to Rs 4 lakh. It reported revenue of 1,446 crore in the second quarter

US retail stocks have become a barometer of consumer confidence as inflation bites. So far this year, the S&P 500 retail index is down a little over 30%, while the S&P 500 has fallen 15%.

These new IPOs that came in were typically very large-sized IPOs. These large-sized IPOs meant that professional investors needed to have that as part of their portfolio as an object of diversification. And that meant that most of the performance of these portfolios have been down relative to the market.