The ongoing volatility results from several factors, including China's economic stimulus measures and a disappointing second-quarter (Q2) earnings season. The increased supply of equities through initial public offerings and qualified institutional placements has added to market pressure. Lastly, the prospect of a strong dollar implies that emerging market (EM) flows will continue to be affected.
I believe this correction is more about time than price. It will likely lead to a period of low or flat returns, similar to what we witnessed between November 2021 and March 2023.
While the National Stock Exchange Nifty 50 Index trades at a higher valuation of around 21 times one-year forward earnings, valuations vary across the market. Largecap stocks appear relatively cheaper compared to midcap and smallcap stocks. Therefore, investors should focus on sectors with the potential for positive earnings surprises or those that are attractively valued.
What's your take on Q2 earnings? Has any sector delivered a surprise?
この記事は Business Standard の November 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の November 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Gukesh draws against Liren in 13th game
Indian Grandmaster D Gukesh (pictured) tried his best but could not break past a resilient defending champion Ding Liren of China and had to settle for a draw after 68 moves in the 13th and penultimate game of the World Chess championship on Wednesday.
Indian tourist boom spurs revival in US hotel revenues
US hotels and travel companies are aiming to tap a surge in Indian tourists to boost revenue as domestic leisure spending falters and demand from East Asian countries remains below pre-pandemic levels.
First human gene therapy for Hemophilia A now in India
Offering hope to around 136,000 Hemophilia A patients in India, the Department of Biotechnology (DBT) along with the Centre of Stem Cell Research (CSCR) at Christian Medical College (CMC), Vellore announced that they have successfully executed a first-in-human gene therapy using lentiviral vectors for the disease.
Pollution levels drop across India as weather improves
Pollution levels across the country are declining due to changing weather conditions.
Willow sets the stage for AI's quantum leap
With Google announcing the milestone of Willow—a state-of-the-art quantum computing chip that can solve complex problems in under five minutes, a computation so complex it would have taken a supercomputer around 10 septillion years to complete—tech experts believe this breakthrough could impact artificial intelligence (AI), particularly by making it more accessible to the masses.
Content overload causing indigestion
PRASOON JOSHI (53) began as a writer in his teens, did an MBA and then got into advertising. From Daag Ache hain (Surf Excel) to Thanda Matlab Coca-Cola, his work shone with an Indianness that changed the way marketers spoke to consumers. His second foray into writing, as a lyricist (Taare Zameen Par, Delhi 6, etc), dialogue writer (Rang De Basanti) and then a scriptwriter (Bhaag Milkha Bhaag) has been successful. In 2017, he became the head of the Central Board for Film Certification (CBFC). In November this year, Joshi forayed into theatre, with Rajadhiraaj: Love. Life. Leela., a musical depicting the journey of Shri Krishna. In a video interview, Vanita Kohli-Khandekar spoke to Joshi about the play and other things. Edited excerpts:
STAR TREK
As Mercedes completes three decades in India, its three-pointed star sits atop the luxury table. What drives it?
UNREGULATED BOND PLATFORM MENACE Go with regulated entity: Listed bonds subject to ratings, oversight
The Securities and Exchange Board of India (Sebi), through a circular dated December 5, 2024, warned investors against transacting on unregulated online bond platforms that promote unlisted securities.
AI-first, low-cost leader: Bajaj Fin's path to FY29
Bajaj Finance (BFL) shares rose 3.3 per cent intraday to ₹7,165 apiece before closing 2.6 per cent higher (₹7,116) on the BSE on Wednesday.
Day 1: MobiKwik booked 7x, Vishal Mega Mart gets 51% subscription
The initial public offering (IPO) of One MobiKwik Systems was subscribed 7.3 times on Wednesday, on the first day of offer.
