Market Bizzz

Fund manager Siddharth Oberoi believes that regardless of the election outcome, the infrastructure and consumer goods sectors will continue to thrive in Dalal Street. The Prudent Equity ACE Fund delivered a 72% return in 2023 with consistent monthly gains. Oberoi sees tremendous opportunities in equities for 2024, driven by increased earnings in listed companies. Although there may be a surge of money due to the US Fed’s indication, Indian markets have become less reliant on foreign flows.

​​Gold, historically seen as a safe store of wealth, tends to gain during times of political and economical uncertainty.

Even after the 2023 gains, most stock investors are only barely above water since the start of 2022. It looks better when you include dividends. Then, the S&P 500 returned 3.42% over the course of the two calendar years. Even so, the paltry stock market increases haven’t kept up with inflation.

Earnings before interest, taxes, depreciation and amortization or EBITDA during the quarter grew by 16% YoY to Rs 1,119.89 crore. However, operating margin dipped marginally to 8.25% from 8.34% a year ago.

Equitree Capital’s smallcap fund ‘Emerging Opportunities’ was second in the list, giving nearly 80% returns to investors.

The Nifty IT index jumped 5.1% with Infosys soaring 8% and TCS rising 3.9% after their December quarter results and the associated commentary kept hopes alive that the environment may not deteriorate further.

Nippon India MF was among the buyers and bought 3.3 lakh shares worth Rs 222.9 crore.

Bitcoin ETFs are instruments which are traded publicly on a stock exchange that enable investors to gain exposure to bitcoin without actually owning the cryptocurrency.