PL Asset Management’s Siddharth Vora reveals how a strategic shift helped the fund beat benchmarks by 10-12% over the last year. The fund raised cash buffers, reduced exposure to financials, and focused on value stocks in pharma, energy, and metals. This disciplined approach, prioritizing value with low volatility, drove the impressive performance in a challenging market.Read More
Jio Financial Services aims to launch general and life insurance businesses by 2026, subject to regulatory approvals, following its entry into the reinsurance sector. The company is currently focused on secured lending to prime customers and distributing third-party unsecured products, with no immediate plans for unsecured or consumer durable lending.Read More
Indian markets face turmoil from geopolitical conflict, surging oil prices, and a weakening rupee. HDFC Securities’ Devarsh Vakil advises a defensive short-term approach, followed by methodical capital deployment. He highlights crude oil as the key variable, warning of earning downgrades if prices remain elevated, but sees opportunities for long-term investors amidst current gloom.Read More
Indian stocks face headwinds in April due to the Iran-Israel conflict, FII outflows, and a weakening rupee. Despite a historically positive April for the Nifty, driven by domestic buying, current technicals suggest persistent downside pressure. FIIs have been net sellers, influenced by global risk-off sentiment.Read More
The Indian Rupee saw a strong rebound on Monday. This surge followed new regulations from the Reserve Bank of India. Banks now face tighter limits on their foreign exchange positions. This move is expected to encourage dollar selling in the domestic market. Traders are likely adjusting their positions. The Rupee recovered significantly from its recent record low.Read More
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