Market Bizzz

A nonprofit wishing to list on a social bourse needs to first register with it and meet a host of criteria, make annual disclosures and produce extensive documentation, just as a company planning an IPO would. This includes a detailed fund-raise document with financial statements, risks, past social impact and the strategy to achieve its vision.

Cryptocurrencies also appear to be benefitting from an evolving economic outlook. With stocks rising and bond yields falling, the appetite for riskier assets such as crypto is seen rising. Bitcoin is still only about halfway toward reclaiming the heights of the 2021 crypto mania, when it peaked at close to $69,000.

“All my life has been about creating organisations which can scale and create behavioural patterns which are socially desirable and do collective good. That is where the stock exchange comes in so that we are able to create trust where a person sitting in Jorhart or Dibrugarh is able to put in her hard-earned Rs 10,000 or Rs 1000 in a company in Salem.”

Despite the ongoing output cut by Saudi Arabia and other members of OPEC plus countries, oil output from the cartel has risen for the third straight month in October. This was due to increased production from Nigeria and Angola. Small members in the group have also contributed by managing to overcome factors affecting output and supply. As per the Reuters report, the group pumped 27.90 million bpd in September, with an increase of 180,000 barrels per day.

“We expect banks, manufacturing, and capital goods segments to do well. Budget spending on defense and infra, interest rates peaking and continuing push to Make in India & China + 1 factors are the basis of our expectations. Defensive sectors like Pharma will also be important to combat possible market volatility due to news flow and macro events.”

Sales of the worst affected mass-to-mid segment products across categories have also seen a slight improvement in this season with single-digit growth, according to companies, retailers and market researchers. The revival has been driven by urban and semi-urban markets, with the critical rural markets still showing no signs of a recovery.