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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Markets are at all-time highs, and almost every stock looks expensive from a traditional P/E yardstick. We look at the pitfalls of this approach.
‘Prices are too high’ is far from synonymous with ‘the next move will be downward’. Things can be overpriced and stay that way for a long time…or become far more so.
–Howard Marks, chairman, Oaktree Capital Management
Indian equities are at historical highs, with many milestones crossed in just the first half of December. With a $4 trillion market cap, India is now ranked fourth globally, behind the US, Japan and China + Hong Kong.
Uncharacteristically, the rally has been more pronounced in smaller stocks, with the broader market rising more than the Nifty 50 or Sensex indices—contrast the Nifty …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
