Latest news with #PuneetWadhwa
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Business Standard
2 days ago
- Business
- Business Standard
LIC portfolio sees Rs 46,000 crore dent in July; RIL biggest value drag
Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July Deepak Korgaonkar Puneet Wadhwa Mumbai / New Delhi Listen to This Article Life Insurance Corporation of India (LIC), India's largest domestic institutional investor, has seen over ₹45,000 crore erosion in the value of its equity holdings after a fall in the equity markets thus far in July. The benchmark indices, Nifty 50 and BSE Sensex have slipped 2.6 per cent from their June 2025-end level to 24,837 and 81,463.09 levels, respectively. From ₹16.10 trillion as on June 30, 2025, the value of LIC's 322-stock has declined to ₹15.64 trillion as on July 25, 2025, marking ₹46,000 crore mark-to-market loss. However, LIC's portfolio value is still higher by ₹1.94 trillion from April 7,
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Business Standard
7 days ago
- Business
- Business Standard
India relatively safe amid trade uncertainty; remain overweight: JP Morgan
Besides India, Korea, Brazil, United Arab Emirates (UAE), Poland and Philippines are the other emerging markets (EMs) where JP Morgan has maintained an 'overweight' stance Puneet Wadhwa New Delhi Listen to This Article India remains a relatively safe-haven amid trade-related uncertainty, wrote analysts at JP Morgan in a recent note, and maintain an 'overweight' stance on Indian equities in this backdrop. Besides India, Korea, Brazil, United Arab Emirates (UAE), Poland and Philippines are the other emerging markets (EMs) where JP Morgan has maintained an 'overweight' stance. 'Falling inflation, enhanced system liquidity and lower borrowing is likely to boost growth. Timely demand stimulus and support to urban household balance sheet bodes well. Recovery in rural economy further aided by a favourable monsoon. India is a relative safe haven amid trade uncertainty. It is expected to have
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Business Standard
20-07-2025
- Business
- Business Standard
Jane Street episode unsettled some institutional investors: Jignesh Desai
Institutional investors wary of midcap valuations, regulatory risks, and global cues; manufacturing seen as key investment theme Puneet Wadhwa New Delhi Listen to This Article With markets now back near all-time highs, foreign institutional investors (FIIs) remain cautious about valuations — particularly in the mid and smallcap segments — and about regulatory uncertainty, especially in the wake of the Jane Street matter, says Jignesh Desai, chief executive officer for institutional equities at Centrum Broking, in an email interview with Puneet Wadhwa. Edited excerpts: What are the three biggest risks to the Indian equity markets over the next six months? While Indian markets have entered the second half of the year with cautious optimism, I believe there's room for a fresh high over the next six
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Business Standard
20-07-2025
- Business
- Business Standard
Street Signs: Nifty adrift in choppy waters, IFSCA nets ghost firms, more
Nifty logs third straight weekly drop amid earnings jitters; IFSCA takes action against ghost firms in GIFT City; IPO pipeline swells ahead of July 31 deadline Puneet Wadhwa Khushboo Tiwari New Delhi Listen to This Article No wind in sails: Nifty adrift in choppy waters The benchmark Nifty 50 index slipped 0.7 per cent to close at 24,968 last week, weighed down by a tepid start to the first-quarter results season. This marked the third straight weekly decline, pushing the 50-stock index just below its 20-day exponential moving average (25,250) — a sign of fading strength. 'Lack of follow-through buying and persistent selling pressure is weighing on sentiment,' said Chandan Taparia, head of derivatives and technicals for wealth management at Motilal Oswal Financial Services. He added that unless the Nifty reclaims 25,300, the near-term bias stays
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Business Standard
18-07-2025
- Business
- Business Standard
Has TACO trade in stocks run its course? Chris Wood of Jefferies decodes
From a market standpoint, Wood believes, it is just a matter of time before the negative impact of tariffs starts to show up in the macro-economic data premium Puneet Wadhwa New Delhi Listen to This Article TACO (Trump Always Chickens Out) trade may have run its course as a positive factor for the markets, suggests Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors, GREED & fear. 'But GREED & fear has started to wonder if TACO has run its
