Oil prices are experiencing a second day of increases, spurred by sanctions and evolving trade negotiations. After recently touching a five-month low, the US has set its sights on acquiring oil to enhance its strategic reserves. Market hesitations persist as supply issues in vital regions continue to inhibit price declines. As the US-China trade talks unfold, investors remain vigilant.
Indian stock markets will be closed on Wednesday, October 22, for Diwali Balipratipada. This follows a symbolic Muhurat trading session that marked the start of Samvat 2082. Normal trading will resume on Thursday, October 23. Market experts anticipate a profit-led revival for equities in the new Samvat year. Corporate profit recovery is key to market performance.
Indian stock markets began the new Samvat year with gains. Experts anticipate double-digit returns in the coming year. This optimism is fueled by ample liquidity and expected consumption growth. A resolution of tariff issues is also a key factor. Foreign investors may engage in short-covering rallies. The market closed higher in special Muhurat trading.
Income-plus-arbitrage fund of funds are gaining traction among fixed-income investors for their tax efficiency. These schemes invest under 65% in debt, with the remainder in arbitrage strategies, allowing gains to be taxed at a favorable 12.5% if held for over 24 months.
Indian equities saw modest gains in Samvat 2081 after a previous year's rally, with domestic investors supporting the market amidst foreign selling. As Samvat 2082 begins, positive sentiment is returning, driven by hopes of GST simplification and RBI liquidity. Experts anticipate better returns this year, with opportunities in banking, consumption, and domestic-focused sectors.
A Sebi-constituted working group is proposing to increase transaction charges for clearing corporations like NSE Clearing. This move aims to bolster their financial independence and strengthen their balance sheets, potentially impacting NSE's standalone earnings ahead of its IPO. Clearing members may also contribute to the settlement guarantee fund.
