Page 2 - Quantum Mutual News Today

Aside from banks and IT, Quantum MF is also positive on the medium-term prospects of Indian equities. However, the mutual fund names foreign flows, a revival in private capex and recovery in mass segments as the three key triggers that will guide the Indian market through 2024.

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Investors are expected to keep their expectations lower from mid and small cap equity mutual funds. Driven by inflows from FIIs, stable macroeconomic indicators, the domestic equity market reported its best annual return in 2023 in the past seven years.

Globally, the tone of monetary policy has also become less hawkish, suggesting that the most challenging phase of the cycle of increasing interest rates is now behind. This positive development has opened up the possibility of interest rate softening in 2024 to support economic growth.

While DII flows have been robust for the past few years, rising global interest rates have kept FPI flows under check, as per Quantum Mutual Fund.DIIs have invested $ 20.2 bn in 2023 on top of $ 35.8 bn in 2022. FPI flows have been tepid at $ ...

The third tranche of the SGB in this financial year is available for subscription December 18-22, while the fourth will open in February. Investors will have to pay ₹6,149 per gram of gold after a discount of ₹50 per gram for digital payments. This is ₹276 per gram higher than the price during the second tranche in September 2023 (₹5,873).

Indian stocks rose to fresh closing highs on Friday with the Nifty briefly crossing 21,000 in early trade led by gains in large-cap bank and IT stocks. Upsides were, however, limited with the market shuttling between gains and losses for most of the session on concerns whether the recent pace of run-up was excessive.

"If we were to look at consensus earnings estimates for FY24/FY25, this number has been upgraded with each passing quarter depicting the resiliency of earnings. We expect earnings resiliency to continue and be supportive of the markets in general. Banking has been trailed by the broader indices despite strong earnings and trade at reasonable valuation; we expect it to do well."

While from a medium-term perspective, outlook for bonds looks favorable supported by peaked policy rates, falling inflation trend, and favorable demand supply mix, noted Pathak in Monthly Fixed Income Outlook - November 2023.

Dussehra is considered to be an auspicious time to buy gold. The Middle East conflict and the US interest rate direction have been driving the prices of gold in recent times. However, gold ETF holdings worldwide are at a 3-year low. This suggests that investors aren’t buying gold enough.