S a result of geopolitical tensions, scheduled general elections in India during the mid-year and in the USA towards the end of the year as well as valuations that had sky-rocketed, volatility during 2024 was anticipated by many of us.
What was not anticipated though was a fresh indictment with legal implications on the Adani group by the US SEC. The Foreign Institutional Investors (FIIs) who were already nervous about the rich valuations of Indian stocks and had already commenced profit-booking, then started selling even more aggressively leading to a 10% correction in the key indices.
The silver lining here was that an overheated market let off steam and there were value picks available for the taking among the lot of shares whose prices got hammered down during the selling spree.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A SLIPPERY SLOPE & SILENT EPIDEMIC
NOOP, a bright young man from Kottayam, had high hopes when he landed a job at a reputed IT company in Bengaluru through campus placement. Hailing from a middle-class family, his success was seen as a beacon of promise for his future. But within two years of joining the firm, Anoop found himself staring at a disheartening email from HR—his dismissal owing to poor performance.
Beau is not afraid of Test challenges
IMAGINE being Beau Webster. You had just helped Tasmania beat New South Wales at the Sydney Cricket Ground in the Sheffield Shield game around late November. A 61 and 49 with the bat while taking five wickets across two innings. You get called up as cover for Mitchell Marsh ahead of the pink ball Test against India.
GREEN CORNER IN BOXING DAY BOUT
MCG curator says grass on the surface should excite pacers
Scrap dealer's son Sairaj claims gold
SAIRAJ Pardeshi was pretty clear what he had to become when he was only eight.
Naveen & Lokesh one hit away from national glory
IT was a mixed outing for shuttlers from Tamil Nadu in the ongoing Senior National Badminton Championships in Bengaluru on Monday.
Hyderabad FC squander 2-goal lead to suffer loss
HYDERABAD FC have endured a difficult run in the ongoing Indian Super League so far. And things turned from bad to worse on Monday.
Adani Defence acquires 85.8% in Air Works
ADANI DEFENCE Systems & Technologies Ltd. (ADSTL) in acquiring 85.8% shareholding in Air Works (AWIEPL), India's largest private sector MRO company with the largest pan-India footprint, said the Adani Group company on Monday. ADSTL will acquire the stake at an enterprise value of ₹400 crore.
Razorpay grants employees ₹1L ESOPs to mark 10-yr of operation
FINTECH major Razorpay is awarding employee stock option plans (ESOPs) worth ₹1 lakh to all its current employees as part of its 10 years celebration.
Honda-Nissan to be 3rd-largest carmaker
JAPANESE auto giants Honda and Nissan have announced plans to merge operations, creating the world's third-largest automaker by sales, trailing only Toyota and Volkswagen.
Women represent 20% of crypto exchange CoinDCX's high networth customers
WITH the increasing adoption of cryptocurrency, women are now representing 20% of crypto exchange CoinDCX's HNI (high net-worth individual) customers.