Diwali & investment:-

 The auspicious occasion of Diwali, the festival of lights, is a golden time for investors  who want  to  buy  gold,  invest in real estate  or invest in other things. The  five-day  celebration  of  Diwali  begins  today, November 10, with Dhanteras. The festival will be followed by Chhoti Diwali on November 11, Diwali, the main  festival  on November 12, Govardhan Puja on November  13  and Bhai Dooj on November 14. 

 So,  let’s  see  how you can significantly  enhance  your financial  goals during  this Diwali season and what your ideal investment plan  is.  According to personal finance experts, investors should focus on consistency of performance and risk-adjusted returns rather than  the top-performing stocks.  Proper asset allocation, diversification, and periodic rebalancing are important.  You should invest  in equity funds  for the  long  term.  

 “Typically, investors track  the historical performance of a fund  when  considering  investing  in any fund.  This needs to  be filtered  as it does not  allow performance  to  be observed  in isolation. In  coming years,  last  year’s best-performing stocks  may or may not  generate  good returns.  Performance consistency,  rather than  optimal  performance, should be  considered  by investors.  Additionally, there  is  a need  to  look at  risk-adjusted returns  rather than just performance,”  said Mukesh Kochar,  country head  of  assets  at AUM  Capital.  

 If  the  fund is determined based on market trends,  values  ​​such  as Standard  Deviation, Sort  Ratio, Sharpe and  Beta  etc.  will be defined. must  be used, he added. 

  Proper asset allocation, with  appropriate  diversification and periodic  portfolio rebalancing, should  be maintained at all times.  Kochar  said  it is important to invest in equity funds  for the  long  term  and  not  focus on  one-year  returns from  one  muhurat to  another.  The  bottom line  is that to avoid short-term volatility, you need to start building your portfolio  quickly  and  invest  regularly  over  longer  periods of time.  

 Convenient  50  to  26,000 till  Diwali  2025  

 Vaibhav Kaushik,  research analyst at  GCL  Broking,  believes that by Diwali 2025, the Nifty 50 index  could touch 24,000.

 “As we can  see, Nifty  has given  returns of  less than  5%  in the last 2 years. If we see  that Nifty’s 1-year forward earnings  PE ratio  is trading near 18  levels,  which is  lower, then  from here  over  the next 2  years,  Nifty can  deliver  up to 35%  returns compared to its peers. this level.  Our target is 26,000 till  Diwali 2025,” Kaushik said.  Sumeet Bagadia,  chief executive officer of  Choice  Broking,  believes that by Diwali 2024, the Nifty 50 index  could touch 24,000.  

 Diwali 2023: Top stock picks  recommended  by Vaibhav Kaushik 

 Larsen and Toubro  TGT 4400  LLC  

 TCS  TGT5000  

 Kotak Bank TGT 2700 

 Tata  TGT1000 engine  

 IDFC  Premiere Banque  TGT 177 

  TGT3700 dependency  

 Piramal Enterprises  TGT 2000  Ltd  

 SRF  SA  TGT 4000 

 Diwali Muhurat  2023  Deals  

Diwali Muhurat Trading 2023:  Stock  markets (NSE and BSE) will  be  open for  one  hour for Diwali Muhurat Trading on  November  12,  2023 (Sunday). As per the  announcement  by BSE and NSE, the  token  trading session will be held  from  6 pm  to 7:15  pm.  

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 The RBI’s Monetary Policy Committee( MPC), in its October meeting, projected consumer price  indicator- grounded( CPI) affectation at5.4 per cent for 2023- 24, a  temperance from 6.7 per cent in 2022- 23. 

  Reserve Bank of India (RBI) Governor Shaktikanta Das Thursday said India remains vulnerable to recreating and lapping food price shocks and that  financial policy continues to  concentrate on aligning affectation to the 4 per cent target. 

  The RBI’s Monetary Policy Committee( MPC), in its October meeting, projected consumer price  indicator- grounded( CPI) affectation at5.4 per cent for 2023- 24, a  temperance from6.7 per cent in 2022- 23. 

  “ Headline affectation,  still, remains vulnerable to recreating and lapping food price shocks. Core affectation has also moderated by 170 base points( bps) since its recent peak in January. In these circumstances,  financial policy remains  vigilant and  laboriously disinflationary to precipitously align affectation to the target, while supporting growth, ” Das said at a  council on the Indian frugality in Tokyo, Japan. 

  One base point is one- hundredth of a chance point.   CPI affectation eased to a three- month low of5.02 per cent in September 2023 from6.83 per cent in August. CPI data for October will be released November 13.  

 Last month, Das had  underscored that RBI’s affectation target was 4 per cent and not 2 to 6 per cent. “ Our  end is to align affectation to the target on a durable base, while supporting growth, ” he told  journalists after  publicizing October’s  financial policy. 

  RBI has kept the repo rate unchanged at6.5 per cent over the last four  financial policy reviews amid  enterprises over affectation.   Das said that the recent developments in West Asia have added to the challenges for a global frugality  formerly  scuffling with the fallout from the epidemic, the war in Ukraine and the  unknown tightening of  financial policy,   “ Policymaking in this  script becomes extremely  grueling  with  delicate trade- offs — growth versus affectation; price stability versus  fiscal stability; and current  emergency versus  unborn sustainability. There’s always a  threat of doing too little or doing too much, ” he said.   The governor said in the current uncertain  terrain, it’s stylish to avoid any sense of complacency. “ We remain  nimble and continue to fortify our macroeconomic fundamentals and buffers, ” he said.  

 Last week, the country’s Chief Economic Advisor( CEA), V Anantha Nageswaran, said indeed if the US Federal Reserve raises interest rates further, the RBI’ll not be under any pressure to increase its rates. 

 India remains vulnerable to recreating, lapping food price shocks RBI Governor   India remains vulnerable to recreating, lapping food price shocks RBI Governor  The RBI’s Monetary Policy Committee( MPC), in its October meeting, projected consumer price  indicator- grounded( CPI) affectation at5.4 per cent for 2023- 24, a  temperance from 6.7 per cent in 2022- 23.   

  RBI Governor Shaktikanta Das    Reserve Bank of India( RBI) Governor Shaktikanta Das Thursday said India remains vulnerable to recreating and lapping food price shocks and that  financial policy continues to  concentrate on aligning affectation to the 4 per cent target.   The RBI’s Monetary Policy Committee( MPC), in its October meeting, projected consumer price  indicator- grounded( CPI) affectation at5.4 per cent for 2023- 24, a  temperance from6.7 per cent in 2022- 23.    

 “ Headline affectation,  still, remains vulnerable to recreating and lapping food price shocks. Core affectation has also moderated by 170 base points( bps) since its recent peak in January. In these circumstances,  financial policy remains  vigilant and  laboriously disinflationary to precipitously align affectation to the target, while supporting growth, ” Das said at a  council on the Indian frugality in Tokyo, Japan.

   One base point is one- hundredth of a chance point.   CPI affectation eased to a three- month low of5.02 per cent in September 2023 from6.83 per cent in August. CPI data for October will be released November 13. 

   Last month, Das had  underscored that RBI’s affectation target was 4 per cent and not 2 to 6 per cent. “ Our  end is to align affectation to the target on a durable base, while supporting growth, ” he told  journalists after  publicizing October’s  financial policy.  

  RBI has kept the repo rate unchanged at6.5 per cent over the last four  financial policy reviews amid  enterprises over affectation.     Das said that the recent developments in West Asia have added to the challenges for a global frugality  formerly  scuffling with the fallout from the epidemic, the war in Ukraine and the  unknown tightening of  financial policy,    “ Policymaking in this  script becomes extremely  grueling  with  delicate trade- offs — growth versus affectation; price stability versus  fiscal stability; and current  emergency versus  unborn sustainability. There’s always a  threat of doing too little or doing too much, ” he said.   The governor said in the current uncertain  terrain, it’s stylish to avoid any sense of complacency. “ We remain  nimble and continue to fortify our macroeconomic fundamentals and buffers, ” he said. 

  Last week, the country’s Chief Economic Advisor( CEA), V Anantha Nageswaran, said indeed if the US Federal Reserve raises interest rates further, the RBI’ll not be under any pressure to increase its rates. 

    The RBI cycle has not been so tightly linked to the Fed cycle  substantially because external finances and  fiscal stability are much better now, Nageswaran said in an interview with Bloomberg TV on the sidelines of the Barclays Asia Forum in Singapore.  

 The US Fed in its  financial policy  blazoned on November 1, held the interest rates steady at5.25-5.5 per cent range. Fed Chair Jerome Powell said that the US central bank  officers are willing to raise rates again if progress on affectation booths.   On growth, Das said the country’s GDP grew by7.8 per cent in the first quarter of 2023- 24, and the available high  frequence  pointers suggest  durability of this  instigation. Last week, Das said that the alternate quarter GDP number, to be released on November 30, will surprise on the downside. The RBI has projected a real GDP  cast of6.5 per cent for  financial 2024, with Q2 at6.5 per cent. 

  The country’s current account  deficiency remains manageable and the RBI has bolstered its forex reserves to deal with implicit eventualities, the governor said. As of October 27, the country’s foreign exchange reserves stood at$586.111 billion.  

 On the fintech space, Das said the  arrival of these  realities has  converted the  geography of traditional  fiscal services. 

  He said although  fiscal  invention enhances ease of payment and lowers its cost, they also pose  pitfalls and challenges to the  fiscal system, and these  pitfalls have a bearing on overall  fiscal stability and  request integrity.

   “ We,  thus, intend to play a binary  part of acting as  protagonist of  invention as well as being the  controller. While promoting  invention, our focus is on  icing a well- regulated ecosystem that addresses systemic  pitfalls and challenges, ” he said. 

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 He said work is also unlderway with a multilateral development bank to prepare  cost  estimates for  India’s transition to  net-zero  emissions.  

 Chief Economic Adviser  Anantha Nageswaran  said on  Thursday  that the  energy transition imposes  high costs  on developing  countries,  which are  struggling  with the  dual  challenges of poverty  reduction  and economic growth.  

 He said work is also underway with a multilateral development bank to prepare  cost  estimates for  India’s transition to  net-zero  emissions.  

 “Countries are  currently struggling  with  two dual challenges:  poverty  reduction  and economic growth. And on top of  that,  climate change and  the  energy transition  create  additional burdens, especially in  a  post-Covid  context  where we  are talking  about  a  stalled recovery and high debt burdens,”  he  said.

 For Economic and  Social  Progress on a paper  recently  published  by him and Andhra Pradesh Finance  Minister  Gulzar Natarajan.  “The cost of capital in hard  currency  has  increased  by  400 to 500  basis points  over  12 to 20 months  over  the  past  two years, and  as a result  the energy transition  incurs three  costs:  Financial  costs  associated with Investment cannot be recovered. ,  production  costs increase due to  rising fuel  costs  and the higher cost of new energy sources as they replace  existing  sources,” he said. 

  “We  can only have two  out  of these three  –  if you want to maintain  financial  stability and  sustainability  while achieving  net  zero,  I think  you have  to forget about economic competitiveness. But if you want to maintain net zero and economic competitiveness,  tax  incentives  must  be applied,” he said. 

 India has announced  a target  to  achieve net zero  emissions by 2070 and meet  50%  of its electricity  needs  from renewable energy sources by 2030. On the  implementation of estimates for the transition  to  energy net zero emissions,  Nageswaran said: “…and we have  some  of the  first or  early drafts of  such  reports  from  one of the multilateral development  banks…the  numbers are all over the  place.” Global. So,  at the Indian level, what is the requirement for  us to move to net zero, this  is an ongoing exercise… it is a joint exercise,” he said.  

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