Sanjay Bembalkar, Head of Equities at Union Asset Management, advises investors to consider gold ETFs for safer, liquid portfolios without emotional ties. In light of geopolitical uncertainties and monetary changes, gold's negative correlation with equities and debt makes it a valuable long-term strategic asset. Bembalkar suggests a 15-25% gold allocation for retail investors.
The 110 accounts the bank had put up for sale in the first week of January include SME accounts and some home loans from individual borrowers. JC Flowers' offer envisages an 84% haircut for the Mumbai-based cooperative bank.
New-age companies eyeing a trip to Dalal Street this year are wary of the recent stock market slump. In a shift from the optimism at the beginning of the year, investors and bankers told us that the IPO outlook has turned cautious.
India is exploring a Universal Pension Scheme that is voluntary and contributory, aimed at offering social security to all individuals. The scheme will incorporate existing central pension programs to streamline processes, extend benefits to unorganized workers, and include traders and self-employed individuals for comprehensive coverage.
Brokerages Bernstein and Jefferies view the recent drop in Mahindra & Mahindra shares due to concerns over Teslas potential market entry as a buying opportunity. Analysts emphasize M&M's strong product linkages with autos and agriculture, considering the stock a solid long-term investment.
Extending losses to the fifth straight session, the Sensex closed below 75,000 for the first time since June 2024. It declined 856 points, or 1.14%, to end at 74,454. NSE's Nifty fell 242 points, or 1.06%, to close at 22,553. Both indices have now fallen over 5% this year.
The tide is expected to turn for some of the companies including Swiggy and Mobkwik over the next few quarters. ETIG offers a snapshot of key takeaways from the recently concluded results season for each of these startups.
