Bank credit in India has been driven by the growth in personal loans which hints at increasing household leverages. These leverages had probably led to exponential rise in the domestic asset prices. This may be attributed either to the changing mindset or overstated economic prospects. It is difficult to deny both possibilities with the information … Read more
Bond yields fell as a big downward revision of US payrolls reinforced bets the Federal Reserve will cut rates in September. Treasuries rose across the curve, with the move led by shorter maturities. Swap traders are pricing in about 100 basis points worth of easing in 2024. The implied rate on the contracts show traders … Read more
Dikshit Mittal, a fund manager and senior equity research analyst at LIC Mutual Fund Asset Management, believes the overall market outlook remains positive due to reasonable valuations, broad-based earnings growth, stable macroeconomic conditions, and sustained domestic inflows. In an interview with Mint, Mittal shared his views on what the market expects from the Union Budget … Read more
Edited excerpts: What is your assessment of the current market structure? Where is the Indian stock market heading? There are two ways that I would look at the current situation: 1. Versus pre-COVID: The Nifty 50 is currently trading at nearly 22.5 times the trailing 12-month (TTM) price-to-earnings (PE) ratio, compared to 26.5 times (three-year … Read more
May CPI data unexpectedly flat * Oracle up on double-digit FY25 revenue growth forecast * Indexes: Dow down 0.02%, S&P 500 up 1%, Nasdaq up 1.7% By Caroline Valetkevitch NEW YORK, – The S&P 500 and Nasdaq trimmed gains slightly and the Dow turned a bit lower after the Federal Reserve projected only a single … Read more