Before diversifying into US markets, Indian investors should consider currency exchange rates, as fluctuations can affect returns. It’s also important to evaluate market conditions, economic growth outlook, and the regulatory environment.
A lot of investors have already tweaked their portfolio amid signals that the government's capex spend is picking up and that the Q3 earnings season will surprise on the upside. How cautious are you as we step into 2025?
Indian market is likely to consolidate on Monday with a mixed opening influenced by global cues. Nifty closed positively on Friday and is expected to trade within a broader range of 23,300 to 24,300 zones. Key support is seen at 23,650 to 23,500 levels.
Maharashtra minister Bharat Gogawale states that Chhagan Bhujbal's exclusion from the cabinet is an internal matter of the NCP, not the Mahayuti coalition. Bhujbal has accused NCP leader Ajit Pawar for his exclusion, despite CM Devendra Fadnavis favoring his induction. A total of 39 legislators took oath as ministers on December 15.
Utkarsh Small Finance Bank plans to sell its non-performing assets and written-off loans to an asset reconstruction company. The loans amount to an outstanding principal of approximately Rs 355 crore as of September 30, 2024. The sale will be conducted at a reserve price of Rs 52 crore.
Motilal Oswal Financial Services recommends buying Raymond Lifestyle, targeting a price of Rs 3,000. Currently priced at Rs 2052.05, Raymond aims to expand its retail network. Plans include increasing EBO count, launching new sleepwear and innerwear categories. The brokerage predicts growth in revenue and profit, valuing Raymond at a PE multiple of 30x by FY27.
The Jharkhand government has brought 11 out of 47 workers stranded in Cameroon back to the state. Efforts are ongoing to return the remaining workers. FIRs have been filed against a Mumbai firm and middlemen for unpaid wages. Payment of Rs 39.77 lakh has been made to the workers after the state government's intervention.
Mahindra Susten has incorporated a new subsidiary, Ultrogen Hybren, for renewable energy production and sales. Ultrogen Hybren aims to engage in power generation, rooftop solar installations, and energy storage systems. M&M shares have seen significant growth over the last year and are expected to remain in focus. M&M shares closed 2.5% higher in the last session.
Conor McGregor is set to make his combat sports comeback with a high-profile boxing exhibition against Logan Paul in India. Scheduled for 2025 at Mumbai's Wankhede Stadium, the bout is tied to the Visit India campaign and boasts a projected $250 million purse for McGregor. Despite excitement, challenges include McGregor’s UFC contract and his ongoing legal battles. Organised by Indian billionaire Mukesh Ambani, the fight promises to bring global stars from combat sports and social media together in an extraordinary spectacle.
IOL Chemicals share price: IOL Chemicals proposed stock split is subject to shareholder approval via a postal ballot. The record date to determine eligibility for the split will be announced in due course. IOL Chemicals stated that the split would make the shares more affordable, attracting a wider range of investors. This move is expected to enhance investor participation and improve liquidity in the market.
Vodafone Idea shares: Vodafone Idea shares increased by 7% after the Department of Telecommunications waived the need for bank guarantees of Rs 33,000 crore for past spectrum auctions. The relief primarily benefits Vodafone Idea, which needs funding to improve its 4G coverage and launch 5G services. Bharti Airtel shares also rose slightly, while Jio Financial Services remained stable.