The sector has been a market leader in terms of delivering shareholder returns. It is unlikely this trend will continue. It has been about two months since IL&FS first defaulted. .. Read more
Despite the recent dip, most investors do not view the broader Indian markets as particularly cheap. I had the opportunity to spend last week in the US, meeting up with a bunch of global investors. .. Read more
The IL&FS crisis has been badly managed. There seems to have been a systemic breakdown of accountability and governance. The Indian financial markets are in a state of turmoil at the moment, with issuers and investors in both debt and equity under pressure. .. Read more
Continued weakness in EM equities will ironically lead to capital flows into India as global investors seek a hiding place. The US stock markets have crossed into a record territory, the longest bull market on record.
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A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices – all are combining to create a toxic atmosphere for EM assets. EM (emerging market) assets have had a tough year to date. .. Read more
No matter which metric one takes – PEG ratio, margins, cash flow or revenue – leading technology stocks deserve to trade the way they do. One of the main points of difference between bulls and bears today is whether technology stocks are in a bubble, in the US for sure and even globally. .. Read more