New Delhi, Feb 25 (IANS) Early signs of revival are emerging in Indian markets, with the Nifty projected to reach 27,958 over the next 12 months under a base case scenario, a report said on Wednesday.The report from PL Capital said that a bullish scenario of a 20x forward earnings multiple implies upside toward 30,497, while a conservative bear case suggests 26,486 target for Nifty.The firm said that EPS growth is expected at 3.8 per cent, and medium‑term earnings trajectory remains strong wit…
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New Delhi, Feb 16 (IANS) As Indian markets’ medium‑term risk‑reward dynamics improve, investors wanting aggressive portfolios can consider 60–65 per cent equity allocation, with conservative investors maintaining higher fixed‑income exposure and a tactical cash buffer of about 5 per cent, a report said on Monday.PL Wealth, the wealth management arm of PL Capital, said in the report, Indian equity markets are navigating a phase of consolidation but retain a robust structural trajectory, w…
Mumbai, Feb 13 (IANS) Gold and silver prices surged on Friday as investors took to value buying after prices moderated due to huge declines in the previous session.MCX gold April futures gained 1.08 per cent to Rs 1,54,480 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures added 2.59 per cent to Rs 2,42,564 per kg.”Gold has recovered post the January end collapse and is well on its way to what we believe should be $6,000 per ounce levels by CY26 end,” said Sandip Raichura, C…
New Delhi, Feb 4 (IANS) The Union Budget 2026–27 prioritised durable growth, fiscal prudence and execution certainty over short‑term market appeasement, a report said on Wednesday.The report from PL Wealth, the wealth management arm of PL Capital, said the medium‑term outlook remains constructive for infrastructure, capital goods, defence, logistics, manufacturing and select export‑oriented sectors such as engineering goods, textiles and gems and jewellery.The equities may see near‑ter…
Mumbai, Jan 20 (IANS) As the Budget 2026-27 approaches, the focus is likely to shift towards structural economic reforms, with limited room for major tax concessions following last year’s significant increase in tax slabs and GST rate cuts, a report showed on Tuesday.The Indian equity markets have turned largely range-bound after giving up most of their recent gains, amid rising global geopolitical risks and persistent tariff-related uncertainties with the US.However, domestic demand indicator…
New Delhi, Jan 9 (IANS) India’s automobile industry delivered a strong performance with passenger volumes up 20 per cent YoY in the October–December 2025 quarter, driven by GST reforms, a pickup in rural demand, and sustained festive momentum, a report said on Friday.Financial services firm PL Capital said in a report that improved affordability, easier financing, and recovering consumer sentiment supported broad‑based volume growth across passenger vehicles, two‑wheelers, and commercial…
New Delhi, Jan 5 (IANS) Venezuela has the largest proven oil reserves in the world but lack of expertise, under-investment, political interference, mis-management, corruption and sanctions have paralysed the exploitation of its oil reserves, a report showed on Monday.The flip of the calendar witnessed start of a new era where the US struck upon Venezuela, capturing its President Nicolas Maduro and his wife.“Maduro, after being elected as the President in 2013, has been ruling the country mostl…