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Hans India
04-07-2025
- Business
- Hans India
Indian stock market opens marginally up, Nifty above 25,400
The domestic benchmark indices opened marginally higher on Friday amid mixed global cues, as buying was seen in the IT, PSU bank and financial service sectors in the early trade. At around 9.34 am, Sensex was trading 32.52 points or 0.04 per cent up at 83,271.99 while the Nifty added 3.45 points or 0.01 per cent at 25,408.75. According to analysts, Nifty 50 opened on a positive note but failed to sustain momentum, breaching its intraday support at 25,450 and forming a bearish candlestick pattern on the daily chart. "This development may signal a potential trend reversal; however, further confirmation is awaited. A sustained move above 25,600 could pave the way for a rally toward 25,750," said Hardik Matalia, Derivative Analyst of Choice Broking. On the downside, immediate support is seen at 25,222 and 25,120, which could act as potential entry levels for long positions, he added. Nifty Bank was up 9.90 points or 0.02 per cent at 56,801.85 in early trade. The Nifty Midcap 100 index was trading at 59,771.65 after adding 88.40 points or 0.15 per cent. Nifty Smallcap 100 index was at 19,051.80 after adding 24.75 points or 0.13 per cent. Analysts said that investors should watch for possible changes in the earnings growth trajectory, the indications of which will be available in the Q1 results, which will start coming soon. Outperformances in results are likely to be company-specific rather than sector-specific. Meanwhile, in the Sensex pack, Bajaj Finance, Bajaj Finserv, BEL, HDFC Bank and Hindustan Unilever Limited were the top gainers. Whereas, Trent, Tata Steel, Tech Mahindra and Titan were the top losers. On the institutional front, Foreign Institutional Investors (FIIs) extended their selling streak for the fourth consecutive day, offloading equities worth Rs 1,481.19 crore on July 3. In contrast, Domestic Institutional Investors (DIIs) continued their buying activity, purchasing equities worth Rs 1,333.06 crore on the same day. In the Asian markets, Bangkok, Hong Kong , Japan, Seoul and Jakarta were trading in red, whereas only China was trading in green. In the last trading session, Dow Jones in the US closed at 44,828.53, up 344.11 points, or 0.77 per cent. The S&P 500 ended with a gain of 51.93 points, or 0.83 per cent at 6,279.35 and the Nasdaq closed at 20,601.10, up 207.97 points, or 1.02 per cent. Viram Shah, Founder and CEO of Vested Finance, said the US markets closed sharply higher on Thursday, but it's a mixed bag. A stronger-than-expected jobs report (1,47,000 jobs added) and unemployment dipping to 4.1 per cent, helped push the S&P 500 and Nasdaq to record highs.
Mint
25-04-2025
- Business
- Mint
Why global diversification is more than a buzzword for Indian investors
As the world economy enters a phase of volatility, Indian investors are increasingly questioning the wisdom of keeping their portfolios confined to domestic markets. The Mumbai edition of Mint Horizons, hosted on April 11 at the MCA, Bandra Kurla Complex, brought together some of the most prominent voices in finance and investing to explore why diversification across geographies and currencies is no longer optional — it's essential. Neil Borate, Deputy Editor at Mint, opened the event by highlighting the limited discourse in India around global investing. 'This is not about abandoning India,' he said, 'but about recognising that even a strong domestic story benefits from international diversification. It's about preparing, not predicting.' If you are keen to that Mint Horizons comes to your city, you can sign up here. Kalpen Parekh, CEO of DSP Mutual Fund, traced the evolution of DSP's global fund strategy and spoke candidly about investor reluctance. 'For years, no one cared about global funds,' he said. 'But post-COVID, we realised that the companies we spend time and money on — Netflix, Amazon, Apple — are global. If your lifestyle is global, shouldn't your investments be too?' Parekh emphasised that diversification isn't about chasing higher returns but managing concentrated risk. He shared data showing how multi-asset portfolios, particularly in volatile economies, often deliver better inflation-adjusted outcomes. Saurabh Mukherjea, Founder & CIO,Marcellus Investment Managers, shared a powerful insight: most Indians unknowingly spend in dollars — from airline tickets to tech subscriptions — while saving in rupees. 'That's a recipe for disaster,' he said. 'When your liabilities are in one currency and your assets in another, you're exposed. A portion of your portfolio must be aligned with the currencies you spend in.' Watch excerpts from the event below, Prashant Tandon, Executive Director at Waterfield Advisors, offered a high-net-worth perspective on global portfolio construction. 'We advise clients to allocate 5–10% of their portfolios to global assets,' he said. 'But equally important is the structure — we've focused on short-term US treasuries recently given inflation risks and rate cycle volatility.' Tandon noted how unusual it was for both equities and treasuries to fall simultaneously, reinforcing the case for truly uncorrelated diversification. Viram Shah, Co-founder & CEO of Vested Finance, outlined the two main routes for Indian retail investors — international mutual funds and direct investing via the RBI's Liberalised Remittance Scheme (LRS). 'Mutual funds are easier, but direct investing gives more control and options — over 10,000 global stocks, 2,000 ETFs,' he said. 'There's a learning curve, yes — KYC, remittance, tax — but once you're in, it becomes second nature.' Viram Shah, Co Founder & CEO, Vested Finance at Mint Horizons Mumbai Viram also spoke about how today's investors want tools, control, and simplicity — something Vested has prioritised with instant account setups, thematic portfolios, and educational content. Siddhartha Bhaiya, MD & CIO of Aequitas Investment Consultancy, offered a macro view rooted in contrarian investing. 'Gold has outperformed Indian and US equities over 25 years — in both INR and USD terms,' he said. 'When rules of trade break down, gold holds value. It's not a trend — it's insurance.' He added that understanding global market valuations is crucial, even if one doesn't invest abroad. 'Whether it's Germany, China or the US — know what you're buying, and what it's truly worth.' Arindam Sengupta, Founder ofEdufund, closed the panel by shifting the focus from asset performance to life goals. 'You've built wealth — now secure your family's future,' he said. 'With products like the EB-5 visa, you diversify in dollar terms and open residency pathways. Think of it as investing in options — not just markets.' He stressed the need to evaluate such choices like any other investment — with a focus on credibility, track record, and alignment with long-term goals. The Mumbai edition of Mint Horizons made one thing clear:diversification is no longer about just returns — it's about resilience. Whether through US treasuries, global ETFs, gold, or second-country residencies, Indian investors are being called to think beyond their borders. As one speaker summed up: 'The world won't always move how we expect. Diversification is how we prepare for the stories we haven't written yet.' First Published: 25 Apr 2025, 02:39 PM IST
