GLOBAL VOLATILITY
Bitcoin’s history of extreme returns: ZebPay CEO Rahul Pagidipati explains
I wouldn’t say the trader community has increased, but the investor community certainly has. We now see high-net-worth individuals, family offices and fund houses asking detailed questions about how they can hedge and participate in crypto—not just in their trading portfolios, but also on their balance sheets.
New multipolar world marked by sharp competition, transactional approach taking shape: Jaishankar
A multipolar world order is emerging with increased competition and many autonomous decision-making countries. External Affairs Minister S. Jaishankar emphasized the need for stronger national capacities in response to global changes. He highlighted India's past missed opportunities in manufacturing from the 1960s to the 1990s. Jaishankar noted that the US-China competition significantly contributes to global volatility and uncertainty.
Base metals lose momentum amid strong dollar and demand concerns
One of the key reasons behind the weakness in base metals is the strength of the US dollar. The Dollar Index (DXY) has climbed to the 103-104 range, supported by resilient US economic data, elevated Treasury yields, and expectations that the Federal Reserve may keep interest rates relatively restrictive for longer.
Goldman Sachs sees S&P 500 rising to 8,700 next year despite slower earnings growth
According to Goldman Sachs, the S&P 500 index may reach 8,700 points within the next year, despite a decline in tech shares after the midterm elections in the US. They foresee a notable deceleration in global earnings growth by 2027, mainly in the US. Nevertheless, Goldman remains optimistic about equity valuations, indicating good returns are possible, and they have revised ratings for different regions while bracing for increased volatility.
US stocks: S&P 500, Nasdaq close lower as Nvidia woes and rate-hike bets pressure US market
The S&P 500 and Nasdaq experienced declines on Friday, primarily driven by concerns surrounding Nvidia and CEO Jensen Huang's resignation. The tech sector faced increased pressure, particularly the Philadelphia Semiconductor Index, which fell significantly. Although inflation data suggested a slightly lower increase, expectations for further Federal Reserve rate hikes remained unchanged. Major technology companies, including Advanced Micro Devices and Broadcom, contributed to the losses in the sector.
Grasim Industries Q2 profit triples to 2,306 cr, revenue up 33%
Grasim Industries reported a profit of ₹2,306 crore for the September quarter, nearly tripling year-on-year. Revenue reached an all-time high of ₹12,747 crore, indicating strong growth across core businesses. The cellulosic fibres segment saw a 29% revenue growth, while the decorative paints business experienced a 35% increase. In contrast, the chemicals business faced challenges with declining profitability. Overall, there was a notable disparity in standalone and consolidated financial results.
Government notifies commodity trading contract as financial product for IFSC GIFT City
The government has notified commodity trading contracts as financial products under the IFSCA Act. This aims to establish GIFT City as a global commodity trading hub for India. IFSCA will regulate these contracts to enhance international trading capabilities. Establishing a global platform will help India capture a larger share of commodity trade. This initiative is crucial for managing India’s vulnerabilities to global price fluctuations and supply chain disruptions.
ETMarkets Smart Talk | Yields are attractive, but stagger fixed-income investments amid volatility: Devang Shah of Axis MF
In an interaction with Kshitij Anand of ETMarkets, Devang Shah, Head – Fixed Income at Axis Mutual Fund, said investors should consider building their fixed-income allocation gradually and focus on high-quality instruments, as oil prices, global interest rates and liquidity conditions could continue to fuel volatility in the bond market.
ETMarkets PMS Talk | 15–20 stocks, 4Ps and active risk management: Inside Anand Rathi's IMPRESS PMS strategy
In an interaction with Kshitij Anand of ETMarkets, Mayur Shah, PMS Fund Manager at Anand Rathi Advisors, explains how the strategy combines a long-term fundamental approach with a strong focus on mid- and small-cap companies, while using its proprietary Re-VIEW framework to manage valuations, earnings risks and portfolio exposures.
India equity surge brightens outlook for exchanges, brokerages
India's equity market is witnessing a vibrant revival, boosting earnings prospects for brokerages and exchanges. A surge in trading activity, spurred by favorable market dynamics and declining crude oil prices, indicates robust investor engagement. The NSE India Volatility Index has climbed, reflecting increased confidence in derivatives trading. Analysts predict significant growth opportunities as the trading environment stabilizes following the rollback of the closing-auction framework.
Global bond yields surge to multi-year highs as inflation, borrowing concerns mount
Government bond yields globally rose to multi-decade highs recently due to sell-offs in sovereign debt. Investors demanded higher returns amid persistent inflation and uncertainty regarding interest rates. India's benchmark 10-year bond yield peaked at 7.50% before slightly declining to 7.24%. Recent easing geopolitical tensions and declining crude prices have supported bond market recovery. Nonetheless, the outlook remains uncertain due to inflationary pressures and concerns over fiscal sustainability.
Equity mutual fund inflows fall 14% in October as investors trim smallcap exposure
Inflows into equity mutual fund schemes fell by 14% in October, reflecting a trend of reduced investor allocations. Although smallcap funds saw decreasing inflows, large and midcap funds experienced significant increases in investments. Systematic investment plan contributions also declined slightly, while the stoppage ratio rose notably during the same period. In contrast, debt mutual funds attracted substantial inflows after previous outflows, with liquid funds leading this rebound.
Wait for policy, not political promises on data centres: LPL Financial Group MD on AI selloff
The November 3 US midterm results triggered a sharp repricing of AI and technology stocks, with investors fearing that the gains for Democrats could delay infrastructure expansion underpinning the AI boom. The sell-off intensified on November 5, when the Nasdaq Composite saw its steepest single-day fall in 19 months, plunging 5.52%. Nvidia fell over 9%, AMD 17% and the semiconductor index more than 12%. The Nasdaq 100 lost about $2.5 trillion in market value.
Why China needs to look within
China's trade surplus should start stabilising next year over restrictions and plateauing AI investment. Beijing will have to double down on stimulating domestic consumption to take up the slack from an eventual export slowdown. It has the fiscal firepower to provide consumers income support they need to counteract savings lost in the property market.
Diwali dhamaka isn’t over! How a Rs 38 lakh crore bull run sent Sensex up 8,000 points and Nifty up 10% in 8 days
India’s Diwali rally has added nearly Rs 38 lakh crore to BSE-listed companies’ market value in just eight trading sessions, with the Sensex surging nearly 8,000 points and the Nifty gaining 10% to cross 25,400. The rally has been driven by aggressive FII buying of Rs 53,170 crore this month, stronger global sentiment as the AI trade cools, and robust Q2 earnings
Is Dalal Street heading for a sustained rally? Motilal Oswal says FII flows on the cusp of an inflection
Foreign investor sentiment towards Indian equities could be approaching an inflection point, according to Motilal Oswal Financial Services. Despite $30.4 billion in FII outflows so far in 2026, the brokerage sees improving flows, easing geopolitical concerns, strong domestic fundamentals and reasonable valuations potentially supporting a sustained recovery in Indian equities.
Global brokerages turn bullish on Indian equities as market rebounds
Global brokerages HSBC, Citigroup, and Jefferies have upgraded their outlook on Indian equities. They cite improving earnings prospects and attractive valuations as key factors for this optimism. Recent foreign fund inflows and reduced oil prices further support this positive sentiment. Citigroup anticipates significant growth in the Nifty 50 by the end of 2027. Overall, Indian equities are poised for a sharp recovery in the coming years.
Citi downgrades US stocks to 'neutral' as AI sell-off, regulatory risks mount
Citigroup strategists have downgraded US equities to neutral due to ongoing market volatility and regulatory concerns. This decision follows a significant sell-off that erased $3 trillion from the market value of S&P 500 companies. The strategists expressed worries about the potential for key indices like Nasdaq to shift into net-short territory. They also adjusted global and European technology sector ratings to neutral while upgrading healthcare stocks.
China, Hong Kong stocks edge higher as Beijing vows measures to stabilise markets
Chinese and Hong Kong stocks edged higher as Beijing renewed its commitment to stabilising capital markets amid economic concerns. Major mainland indices posted modest gains, while the Hang Seng also advanced. However, weak domestic demand, cooling consumer inflation and global technology-sector volatility continued to challenge investor confidence and market recovery prospects.
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