The brokerage, known for going against the tide, is now unabashedly gung-ho about the prospects of the Indian stock markets.
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Picking Zomato and Jio Financial Services for inclusion in the benchmark index is part of a larger trend where NSE opts for expensive stocks. Meanwhile, cheaper Chinese equities beckon investors.
The veteran investor goes over the recent stock market crash with a fine-tooth comb, analysing whether the market has bottomed out or a bear run is around the corner.
The core oil-to-chemicals business is in the midst of its worst crisis, dragging down profits that fund the behemoth’s other ventures. The worst part: there is little hope of an uptick anytime soon.