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Indian equity markets are experiencing a choppy phase, surprising investors despite intact fundamentals. Market veteran Dipan Mehta remains optimistic about the current earnings season, anticipating a potential rally beyond previous highs. He also favors wealth management firms over AMCs for financialization plays and sees a positive outlook for the IT sector driven by AI.
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News and Media
Indian stock markets experienced their worst start to a year in a decade, with nearly Rs 8 lakh crore in market capitalization wiped out. Foreign institutional investors have pulled out $2 billion amid anxieties over a delayed India-US tariff deal and the upcoming Union Budget. Analysts anticipate continued range-bound trading until policy clarity emerges.
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News and Media
Neel Kashkari said the Trump administrations actions against the Federal Reserve reflect monetary policy disagreements. He backed Jerome Powell after a Justice Department investigation, warning that political pressure threatens central bank independence. Despite escalating tensions, markets remain steady amid bipartisan support and expectations that the Supreme Court will recognise the Feds distinct status.
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News and Media
The listing of Bharat Coking Coal, a subsidiary of Coal India, has been postponed due to municipal elections in Maharashtra. Investors will now have to wait three more days for the stock to debut on the exchanges.
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News and Media
Earlier, the company had planned to finalise allotment on January 14, initiate refunds on January 15 and list the stock on January 16.
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News and Media