Despite recent market corrections, Indian equities are still among the priciest globally, with a PE ratio of 23.3, exceeding historical averages. While fundamentals remain strong, projected ROE for FY25 is 15.6%. India's dividend yield, however, is low at 1.2%, potentially limiting appeal for income investors. Nuvama cautions that high valuations and global volatility could restrain further market upside.
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Despite recent market corrections, Indian equities are still among the priciest globally, with a PE ratio of 23.3, exceeding historical averages. While fundamentals remain strong, projected ROE for FY25 is 15.6%. India's dividend yield, however, is low at 1.2%, potentially limiting appeal for income investors. Nuvama cautions that high valuations and global volatility could restrain further market upside.
Blackstone has withdrawn from the consortium aiming to invest in TikTok's US operations, adding to the uncertainty surrounding the deal. The investment group, led by Susquehanna International Group and General Atlantic, was considered the front-runner to acquire majority control. The exit comes amid delays and US-China trade tensions.
Wall Street saw slight gains this Monday, staying close to record highs. Telecom giant Verizon led the way after strong earnings. Microsoft shares dipped due to a software patch. Block Inc joined the S&P 500. Steelmaker Cleveland-Cliffs rose, crediting Trump-era tariffs. Investors are watching upcoming earnings from companies like General Motors and Tesla.
Eternal, parent of Zomato and Blinkit, sees net profit decline by 90% in Q1FY26. Revenue increases 70% to Rs 7,167 crore. The drop in profit is due to investments in quick commerce. Total expenses rise 15% YoY. Quick commerce NOV exceeds food delivery NOV. Hyperpure revenue rises 89% YoY. The company anticipates a temporary de-growth in B2B segment.
Following the release of the AAIB's preliminary report on the Air India 171 crash, pilot associations ALPA and ICPA have voiced strong objections. ALPA criticizes the report's procedural flaws and perceived bias towards pilot error, while ICPA condemns speculative narratives suggesting pilot suicide.
RBI's new directive allows banks to accept voluntary gold and silver pledges for agricultural and MSME loans up to Rs 2 lakh, even within collateral-free limits. This aims to enhance financial inclusion in rural areas where gold is a liquid asset, enabling faster loan processing and reducing reliance on informal lenders.
The government is preparing to establish the 8th Central Pay Commission. Consultations are underway with various ministries and state governments. This commission will revise the pay for central government employees and pensioners. The 8th CPC is expected to be implemented from January 1, 2026. The government revises dearness allowance twice a year to adjust for inflation.
The Union Ministry of Road Transport and Highways will change its approach. It will collaborate with states to set flexible targets for infrastructure projects. States can now choose projects based on their priorities and approvals. This aims to speed up project completion and avoid delays. The center has set targets for highway construction and asset monetization.
