GAGA Share Market News

[hfe_template id='11223'] [ad_1] Investors holding cash have been among the most dissed in the stock market of late. Equity evangelists are unable to wrap their heads around the fact that there is a segment of the market that prefers the safety of cash or its equivalent at this point over stocks that have extended their record-breaking run with the US Federal Reserve's interest rate cut - the first in four years - coming as a shot in the arm for bulls. Even the venerable Warren Buffett, who recently bolstered his cash chest to $280 billion, has not been spared the criticism. The preference to move to cash among investors is mostly linked to discomfort over elevated share valuations and excesses in various pockets of the market. Anecdotally, the cash or equivalent holdings of many of these investors range from 15% to 50% of the total portfolio. It's the more experienced, carrying the burden of having witnessed multiple market cycles, who have been nervous and main...

[hfe_template id='11223'] [ad_1] India's equity benchmarks ended flat on Tuesday following a roller-coaster session as investors took concerns over the increase in taxes on stock market transactions in their stride. The Nifty ended 0.12%, or 30.20 points, lower at 24,479. The Sensex declined 0.09%, or 73.04 points, to 80,429. Money managers said the undertone will remain cautious owing to the high valuations. "Given the slight disappointment on capex and the increase in capital gains tax structure, the Nifty is expected to consolidate between 23,700 and 24,500 levels in the near term," said Nikhil Ranka, CIO, equity alternatives, Nuvama Asset Management. "The near-term valuations look rich, and the upsides seem capped." Mid-cap and small-cap stocks also ended weak. Out of the 4,015 stocks traded on the BSE, 1,680 advanced, while 2,223 declined."The valuations could potentially correct post the budget if the flows are impacted due to changes i...