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#760 Daily Money Show | Stock Market News

Original: # 760 Daily Money Show | Money Purse Stock Market News

52.9K views · Feb 27, 2024 · 22:39 min · Watch on YouTube ↗
Takeaway

India small-caps are at historic premium to global peers, but Indian banks at <2x P/B offer strong forward returns — rotate accordingly.

Summary

  • Sensex +305 at 73,095; Nifty +76 at 22,198; mid/smallcap flat to slightly down
  • DSP MF Netra report: BSE Sensex hasn't seen bear market (>20% drop, no recovery in 1yr) in 8 years — similar to 1980s; expect more volatility ahead
  • 11 months of global elections will impact 50% of world population — historical India elections (2009, 2014, 2019) caused VIX spikes
  • Indian small-cap index trades at 33% premium to US small-caps and 129% premium to China — fresh investors should be cautious; Indian banks at <2x P/B historically signal future strong returns (2009, 2014, 2016-17, 2020-21 examples)
small capsbankingDSP Netra
Original description
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