Page 44 - Us Fed News Today

According to the data with the depositories, Foreign Portfolio Investors (FPIs) withdrew a net sum of Rs 2,034 crore from Indian equities during August 1-5.

European Central Bank also announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75 per cent.

Indian rupee on August 3 opened at a fresh one month low against US dollar tracking losses in the local equities and Asian currencies markets.

Fitch Ratings downgrade: Fitch Ratings downgrades the US credit rating to AA+ from AAA due to expected fiscal deterioration and high government debt burden. Fitch pointed out the expected fiscal deterioration over the next three years along with a high and growing general government debt burden.

Thangamayil Jewellery was the top gainer in the smallcap pack with over 50% return, followed by MSP Steel and Power (48.95%), Foseco India (29.07%), and Indo Borax (28.8%). About six stocks including Jai Balaji, Mukand, Jagsonpal, Vesuvius India, Gallantt Ispat, Texmaco Rail have offered returns between 20-25% during the week

See, we have to be mindful of the fact that we are four months into a winning streak and from here the markets are positioned today and before I get into the macro it is important to understand where we are.

The US central banks staff has clawed back its expectations of a mild recession later in the year, as they no longer forecast a recession in the worlds largest economy

Investors should reallocate money from smallcaps to largecaps to reduce portfolio risk, even though the Indian equity bull market is still intact, says Pankaj Murarka, the founder of Renaissance Investment. Murarka believes despite valuations being at an all-time high, corporate profits are also at a record high and in sectors such as defence and railways, there are solid underlying growth tailwinds.

The new hike, which was announced after a two-day meeting of the Fed’s top decision-making body, take the rate to the highest level in 22 years — to between 5.25 and 5.50 per cent.

Investors looking to invest in smallcap companies should focus on companies with strong balance sheets, without significant leverage. They should also consider the growth prospects of the company, its valuations and conduct due diligence on the reputation of the company and promoter. Companies that have paid healthy dividends to shareholders over a long period are preferred. Renaissance Investments Pankaj Murarka has noted that he has turned positive on the traditional IT services and auto ancil...