Jan Suraj chief Prashant Kishor asserts that the Uniform Civil Code cannot be implemented in India without gaining the confidence of the Muslim community, citing the need for inclusive decision-making in a democracy. He references the repealed farm laws as an example when stakeholders are bypassed.
Festivities trigger gold buying spree, but volumes lag due to high prices (01-11-2024)
In India, prices jumped to a record high of Rs 79,775 per 10 grams earlier this week, marking a nearly 33 per cent increase since last year’s Diwali
The Anti-Portfolio (01-11-2024)
This one has great expectations backed by good execution, so I don’t think valuation will derate much whilst earning growth happens. Might need to put it in the long-term category though!
Corrections offer fresh opportunities for re-entry in stocks: Aamar Deo Singh, Angel One (01-11-2024)
Corrections in the stock market present new opportunities for re-entry. Investors will closely monitor earnings growth amid concerns. Although domestic demand has slowed, the festive season may boost it. Factors such as the US elections, Federal Reserve policies, RBI’s actions, and geopolitical tensions will impact markets. PSU stocks and capex plays show potential despite recent corrections.
Strong perception against One Nation One Election: CPI leader D Raja (01-11-2024)
CPI leader D Raja and Congress President Mallikarjun Kharge criticize PM Modi’s proposal of ‘One Nation One Election’. They believe it will harm the multi-party democratic system and federal structure of India. PM Modi argues that it will strengthen democracy and optimize resources. Raja and Kharge claim passing the proposal in Parliament will be impossible.
Siddaramaiah tells Centre not to punish Karnataka for being progressive (01-11-2024)
Karnataka Chief Minister Siddaramaiah emphasizes the need for fair devolution of taxes, accentuating that despite Karnataka’s significant contributions to the central revenue, the state receives a fraction in return. He also stresses the importance of Kannada language and cultural pride on Karnataka’s state formation day.
Websol energy system ltd (01-11-2024)
(post deleted by author)
Fuel price update: Jet fuel sees 3.3% hike; commercial LPG rates rise by ₹62 (01-11-2024)
In contrast, domestic LPG rates remain unchanged at ₹803 for a 14.2-kg cylinder
Large part of correction in PSU stocks over: Dimplekumar Shah, JM Financial (01-11-2024)
Indian stock market outlook for the next year depends on earnings growth, new and repeat orders. Key sectors expected to perform well are Private Financials, Metals, Capital Goods, Specialty Chemicals, Healthcare, and Large cap IT. Domestic demand is showing signs of slowing but may recover due to festive season, weddings, and potential RBI rate cuts.