Sugar production in the 2018-19 sugar season, which begun in October, is likely to be less than expected and estimated. The market is also apprehensive that more sugar will be diverted for production of ethanol. And if that happens then India’s overall sugar output might decline further.
When financial markets face storms, hybrid funds act like trees to shield investors from the vicious volatility due to their exposure to different assets.
Brent crude oil price increased for the second month 2 per cent MoM to average $80.5 per barrel in October, mainly driven by weaker sentiments ahead of the economic sanctions on Iran by the US.
Though it was a short trading week, the festive season could bring cheer to the Street, and to mid-cap investors. On most sessions, the market breadth of the mid-cap segment was better than large-caps’. In one session, the mid-cap indices moved into the green zone ahead of the Nifty.
On Friday, when the Asian markets were trading in the red and the European markets had opened gap down, it was expected that the Indian market would also come under pressure. But the local market surprised investors by ending the day with a mere 14-point cut in the Nifty.
The market had a roller-coaster ride in the last three months. The Nifty ascended to a record high of 11,760 points on August 28, but by the end of last month, on October 26, the index had come down to 10,004 points. That was a 14 per cent correction, indicating a bear phase.
A chartered accountant, Pankaj Murarka has more than 21 years of experience in equity research & fund management, with a credible track record. He started his career with UTI as a research analyst.
Global growth is likely to take a breather in 2019, led by the slowing US economic activity, which could compel the Federal Reserve to take a pause in further tightening towards the later part of 2019, said Rajesh Cheruvu, chief investment officer, WGC Wealth, in an interview wit
Unlike the usual trend among precious metals, gold and silver have not been moving in tandem during recent times. With the gold-silver ratio reaching decade-high levels, silver will have to catch up with its rally sooner than later.
Recent developments spell good days ahead for rice (both basmati and non-basmati) exporters in India, the largest exporter of rice in the world.
Diwali symbolises triumph of good over evil and an auspicious beginning. We also attempt to cast away our evils & ring in the good, in every possible way. One good thing that one can do is efficient management of finances.
Indians have an undying love for gold, be it as a means for accumulating or growing wealth. During earlier times, when there were far lesser investment alternatives, and mutual funds and SIPs didn’t exist, gold was looked upon as most reliable and the best investment option.
Finally, after a gap of two months, market participants had got a rally that was tradeable through overnight positions. For three sessions, buying the intraday dip proved the right move and traders who had showed the courage made decent money.
After a steep decline, an equally strong up-move by the Nifty took by surprise all the traders who had assumed that the index would now continue to slip and accordingly took excessive short positions by selling Nifty futures and call options.
Emerging markets, battling a stock market rout now, offer compelling investment cases to equity investors, believes Mark Mobius, an emerging markets guru and fund manager.