A 61-year-old Noida resident was duped of over Rs 1 crore in a stock trading scam via WhatsApp. Fraudsters posed as financial advisors linked to Morgan Stanley, luring him with fake stock tips and false HNI schemes.
Despite a weekly decline in Indian equities amid global turmoil, Peter Lynchs investing philosophycentered on clarity, conviction, and long-term thinkingoffers timely guidance for navigating market volatility and avoiding reactive decisions in uncertain environments like today's.
Despite a volatile week and a 0.3% decline in BSE Sensex, the BSE Smallcap index slipped just 0.15%. However, 10 smallcap stocks posted double-digit weekly gains, led by NACL Industries, Hampton Sky Realty, and Rajoo Engineers among others.
As police continue the search for the two aggressors, the images of the beating over a $50 check still haunt some of the other workers at the restaurant.
Ace investor Vijay Kedia reduced his stake in Global Vectra Helicorp to 4.86% in Q4FY24. The move reflects profit-booking amid weakness in smallcap stocks. Despite a recent dip, Global Vectra has delivered strong one-year gains. Global Vectra Helicorp shares have seen its gains recede by nearly 16% in the past six months though it has been a big outperformer on a 1-year basis with more than 50% returns.
Edelweiss Mutual Funds Trideep Bhattacharya expects limited direct impact of US tariffs on India but warns of global ripple effects. He prefers healthcare and domestic consumption sectors amid volatility, citing their resilience to global headwinds and currency risks.
Indian markets ended positive after US paused reciprocal tariffs, easing investor concerns. Smallcaps recovered late, while IT, metals, and capital goods rallied. Focus now shifts to India-US trade talks, Q4 earnings, and RBIs stance amid cooling inflation.
SEBI plans to simplify regulations for the capital market. Tuhin Kanta Pandey, chairman of SEBI, mentioned this in an interview. The goal is to reduce compliance burdens and costs. SEBI will review existing rules and seek stakeholder input. They will also address concerns about derivatives market regulations. Consultations with Amfi are planned regarding mutual fund expense ratios.
