Indian equity markets have reached a new peak after a long wait. However, this record high does not reflect the entire market. Midcap and smallcap stocks are still lagging behind. Liquidity issues, driven by a surge in IPOs, are impacting these segments. Experts anticipate rate-sensitive sectors to drive future growth as India moves towards a lower interest rate cycle.
A Bangladesh court has sentenced former prime minister Sheikh Hasina to five years in jail for a land scam. Her sister Sheikh Rehana received a seven-year sentence, and her niece Tulip Siddiq got two years. This marks the fourth verdict against Hasina in corruption cases. The charges stem from alleged irregularities in allocating plots in the Purbachal New Town project.
Strategist Vincent Nichols sees smallcaps as a strong complement to largecap tech, potentially adding alpha as interest rate cuts continue. While largecap tech fundamentals remain robust, a shift could favor smallcaps, though timing is uncertain. Nichols also noted that while tech capex is strong, a digestion period is likely in the medium term.
US equity markets are reaching record highs, with both large-cap and small-cap stocks showing upward momentum driven by strong earnings and revenue growth. While large-cap tech valuations are stretching, market strategist Vincent Nichols suggests opportunities exist in underappreciated sectors like small-cap equities, which offer potential for long-term outperformance.
Bitcoin dropped sharply on Monday amid a broad risk-off move that erased $140 billion from the crypto market. Ethereum and major altcoins tumbled sharply, while analysts noted heavy liquidations, weakening technicals, and macro uncertainty. Still, experts say the decline appears more like a leverage flush-out than a structural breakdown.
Brokerages like Citi and Choice Institutional Equities are optimistic about the pharmaceutical and flexible workspace sectors. Citi maintains a 'Buy' on Lupin and Sun Pharma, citing strong US growth and product pipelines. Choice Institutional Equities initiates 'Buy' coverage on Smartworks, highlighting India's booming flexible workspace market and the company's strong position for significant expansion.
