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Nuvama Wealth Management's shares have declined following income tax searches related to the Jane Street market manipulation probe. While Nuvama hasn't been directly implicated by SEBI, its role as Jane Street's trading partner in India has sparked investor concerns. SEBI alleges Jane Street manipulated index levels, amassing significant profits.
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Seshadri Sen of Emkay Global Financial Services discusses the Indian market. He believes tariffs pose a limited threat. A cyclical recovery in consumption is expected. This will be driven by the Reserve Bank of India's monetary stimulus. Earnings are mixed, but not alarming. Consumer discretionary and industrials are favored sectors.
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Internships will only go to students from poorer families in a push to make Whitehall more working class.
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News and Media
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