Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India's recent rate reduction and a lowered inflation forecast. Governor Sanjay Malhotra indicated rates are likely to stay low. Experts differ on the timing of the next cut, with some suggesting April.
ICICI Prudential Asset Management Company's 10,600 crore IPO will open on December 12, with shares priced between 2,061-2,165. The offering is entirely an offer for sale by UK-based Prudential Corporation Holdings, divesting a 9.9% stake. ICICI Bank also plans to increase its shareholding in the AMC.
Sebi has launched the Past Risk and Return Verification Agency (PaRRVA) to combat mis-selling of investment products. This tech-driven system, linking credit rating agencies and stock exchanges, will independently verify past returns, ensuring transparency and consistency. The initiative aims to create a level playing field for investors and intermediaries by providing credible performance data and curbing exaggerated claims.
Despite calm headline indices, underlying market weakness is evident as the Advance-Decline Ratio hit a 10-month low in November, further declining in December. This indicates a shift towards caution, with investors favoring large-cap stocks over mid and small-caps, signaling growing strain beneath the surface.
Indian stock markets experienced their sharpest fall since late September, with the Nifty dropping below 26,000. Investors adopted a cautious stance ahead of the US Federal Reserve's policy decision, despite positive domestic growth figures and a recent rate cut. Global rate concerns and foreign fund outflows contributed to the downturn.
Despite a last-minute plea for more time, eviction looms for the remaining residents of the troubled South Shore apartment building raided by immigration agents earlier this year.
