The BSE Sensex has boomed 135 per cent from the lows of 2020 lockdown and has scaled the 60,000 mark. This could be enough for some investors to cash-out by booking profits and tempting for others to jump into the bandwagon.
The near-vertical climb for the last 18-months as pointed out by analysts might end up in a 5-10 per cent correction in the near term. As per experts, previous bull market rallies in India be it in 1992, 1994, 1998-2000, 2003-07 were dented with corrections of 5 per cent, 10 per cent, even 20 per cent.
On the other hand, experts said that any dips will usher-in buying opportunities but these will be pursued with less vigour due to high valuations. Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services said that markets are definitely in an expensive zone.
He said that any dip or even a correction of nearly 10 per cent which is quite common in a bull run will re-energise the rally again as it will give further buying opportunities VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said that the area of concern is the rich valuations which are becoming increasingly hard to justify.
Even the NSE Nifty50 which nearly missed touching the 18,000 points-mark on Friday has risen by 138 per cent from the lows of March 24, 2020 to September 24, 2021.
Deepak Jasani, Head of Retail Research at HDFC Securities said that Nifty is now close to 18,000 and once that round number is achieved we could see a broad based correction in the markets.
UPI, widely regarded as one of the best digital payment methods, is slowly going global. The Indian government is actively promoting the expansion of digital payment systems like UPI to facilitate convenient cross-border transactions and reduce the cost of fund transfers and remittance payments. The UPI payment facility is soon to be extended to inbound foreign travelers from G20 countries for making merchant payments.
NPCI clarified that the interchange charges introduced are only applicable for the PPI merchant transactions and there is no charge to customers, and it is further clarified that there are no charges for the bank account to bank account based UPI payments.
The price of gold has skyrocketed to reach a lifetime high rate. With a spike of around Rs 5000 in the last 10 days, the cost of 22-carat gold per 10 grams reached Rs 55400 on Sunday in Bhubaneswar which was Rs 50500 on March 9. Similarly, the price of 24-carat gold per 10 grams has reached Rs 61400 in Bhubaneswar which was Rs 57620 last week.
Looking at the side mirrors of a car or a bike, you may have noticed the phrase 'objects in the mirror are closer than they appear' written on them. This ‘warning’ is a mandatory requirement by the US Federal Motor Vehicle Safety Standards.
UPI, widely regarded as one of the best digital payment methods, is slowly going global. The Indian government is actively promoting the expansion of digital payment systems like UPI to facilitate convenient cross-border transactions and reduce the cost of fund transfers and remittance payments. The UPI payment facility is soon to be extended to inbound foreign travelers from G20 countries for making merchant payments.
NPCI clarified that the interchange charges introduced are only applicable for the PPI merchant transactions and there is no charge to customers, and it is further clarified that there are no charges for the bank account to bank account based UPI payments.
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