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Sankaran Naren, CIO of ICICI Prudential Asset Management, remains bullish on banks, power utilities, oil refiners and pharmaceuticals, citing attractive valuations and improving earnings despite global uncertainties. He cautioned that a sharp rise in crude oil prices could weigh on market valuations even as corporate profits recover.
India’s family offices are increasingly adopting profit-sharing and carried interest models to attract and retain top investment talent as competition intensifies in the country’s rapidly expanding wealth management industry. The shift reflects the growing number of family offices and rising demand for experienced investment professionals.
Nifty 50 companies now contribute only 51% of aggregate profits, down from 87%. Earnings growth has accelerated across the broader Indian corporate universe and mid-sized firms. This shift signals a broadening wealth creation engine beyond just the largest companies. Financials have become the largest profit contributor, overtaking Energy sectors. Investors should consider portfolios beyond just…
Gold prices are poised for their first monthly gain in five months. Investors are assessing the impact of the U.S.-Iran conflict on global markets. The Federal Reserve’s signals are being parsed for clues on inflation and interest rates. Global gold demand remained steady year-on-year as central banks increased purchases. Other precious metals like silver, platinum,…
South Korea’s Kospi index saw a significant jump, mirroring Wall Street’s positive performance. AI-related stocks experienced a strong rebound after recent declines earlier in the week. Japanese markets also climbed, with technology and investment firms showing gains. Oil prices increased due to ongoing tensions and a closed key shipping route. Major US indices closed higher…
The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly declines, as fears of mounting competition from Chinese memory chipmakers triggered heavy selling across semiconductor stocks.
By the end of Day 2, the IPO had received 45% overall subscription against the 9 crore shares on offer. The retail investor quota was also subscribed 45%, with bids placed for 1.64 crore shares reserved for the segment.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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