Despite robust margins, nine high-performing smallcap stocks have plunged 20%68% since October, underscoring that strong earnings dont always drive share prices.
The Indian rupee is facing pressure from significant foreign portfolio outflows. Other factors like IPOs and rising gold imports are also increasing dollar demand. The Reserve Bank of India is managing the currency's movement, acting as a speed breaker. Global rate shifts are influencing corporate borrowing. The rupee's future depends on global flows and external factors.
The Russian leader's comments come as U.S. President Donald Trump's special envoy Steve Witkoff and son-in-law Jared Kushner are set to meet with Ukraine's lead negotiator, Rustem Umerov, on Thursday in Miami for further talks, according to a senior Trump administration official who was not authorized to comment publicly and spoke on the condition of anonymity.
Luxury car prices: Luxury is slippery to define when you can spend $42,000 on a Mercedes-Benz or $114,000 on a Ford pickup truck. In a world of tailored cashmere socks and gold-plated toothbrushes marketed as luxury experiences, the term has become so ubiquitous, it has almost lost all meaning.
Surveys indicating a historic shift away from drinking, steep declines in alcohol sales, and falling drinking rates among young people have all fed a debate in recent years about whether drinking might be in long-term decline, especially in the key U.S. market. Possible drivers include a trend towards healthier lifestyles.
Markets anticipate a US Federal Reserve rate cut next week, with equities and bonds showing enthusiasm. Gold and oil are seen as attractive investments due to supportive fundamentals and global economic momentum. Currency movements, particularly the yen and rupee, will significantly influence equity market performance, with stability crucial for new highs.
Market expert Sunil Subramaniam anticipates a quiet December for equities. He believes a significant recovery is unlikely this month, with a positive bias expected. Foreign institutional investors are booking profits and taking vacations. Domestic institutional investors are building cash. A potential RBI rate cut could offer a brief trigger.
PIA Privatisation: Pakistan plans to sell its national airline, PIA, through a live bidding process on December 23. This privatization is a key part of the country's IMF bailout program. The government aims to improve PIA's financial health and global standing. This sale represents a significant privatization effort for Pakistan after nearly two decades. The process is moving forward with transparency.
JPMorgans Rajiv Batra says PSU banks remain a top tactical bet despite recent volatility, with strong credit growth, tech upgrades, and policy support set to drive re-rating. FIIs may return as Indias growth, earnings, and reforms strengthen. He expects nominal GDP to rise, supporting 1314% earnings growth and further upside in midcaps if momentum holds.
