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DHFL’s shares have doubled in the past three months. MINT
Sensex tops 50,000 for first time
Sensex tops 50,000 for first time
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Market LIVE: Sensex tops 50k for first time; Nifty near 14,700; Bajaj twins gain

  • Indian equities hit record highs on Thursday amid widespread optimism as US President Joe Biden formally took over the Oval Office. The benchmark Sensex scaled the 50,000-mark for the first time ever, following the rise in global peers

The MSCI India index is trading at a one-year price-to-earnings (PE) multiple of 30 times , a significant premium to MSCI Asia Ex-Japan, which is trading at 18 times.
The MSCI India index is trading at a one-year price-to-earnings (PE) multiple of 30 times , a significant premium to MSCI Asia Ex-Japan, which is trading at 18 times.

With Sensex at mount 50K, investors willing to take more risk, says survey

  • Emerging markets continue to be the top bet for global investors with record high allocation, according to the survey . However, stock market analysts are wary of the valuations at which Indian equities are currently trading.

From a low of $4,000 in mid-March last year, the price of the world's first  cryptocurrency has risen by nearly 900%. (Reuters)
Zerodha boss calls it painful rally, DSP chief says stay invested (MINT_PRINT)

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 'we should also realize that ultimately market highs do get overtaken over time and so will this one be as well. As investors therefore we are much better off investing regularly, not trying to time the market and staying invested over the long term, says Ashwin Patni of Axis AMC. Photo: AP
'we should also realize that ultimately market highs do get overtaken over time and so will this one be as well. As investors therefore we are much better off investing regularly, not trying to time the market and staying invested over the long term, says Ashwin Patni of Axis AMC. Photo: AP

Sensex @50K : Can you make money in stock markets at 50,000 level?

Unfortunately, a lot of the savers have missed out on participating in this historic wealth generation due to either lack of awareness or misplaced fears of short term market falls.

Havells said that its consumer and residential portfolio registered 40% growth whereas industrial and infra grew in the mid-teens. (Mint)
Havells said that its consumer and residential portfolio registered 40% growth whereas industrial and infra grew in the mid-teens. (Mint)

Havells fires on all cylinders, Q3 earnings beat may drive earnings upgrades

  • Havells saw regular improvement in consumer sentiments driving sales recovery as it came out of the lockdown
  • Encouraging business performance in Q3 was helped by strong festive season sales, as electrical consumer durable sales were also pushed up by work from home culture

Prime Minister Narendra Modi.  (PTI)
Sensex was up over 250 points
Home First Finance IPO concludes on January 25
Investors outside the Bombay Stock Exchange. Valuations are uncomfortably high; stocks have never been so expensive except maybe during the Harshad Mehta fuelled bull run in the early 1990s. (Photo: Bloomberg)
Investors outside the Bombay Stock Exchange. Valuations are uncomfortably high; stocks have never been so expensive except maybe during the Harshad Mehta fuelled bull run in the early 1990s. (Photo: Bloomberg)

The fear of flying at Mount 50K

  • Flush with liquidity, the stock markets are at a dreamlike high. But the worries are also mounting
  • Many feel the gains have come too fast. With scores of new investors entering the bull market late, and with the cream of the rally behind, further gains are not going to be easy

Being the largest economy, the American policy playbook under a new president matters to all countries
Being the largest economy, the American policy playbook under a new president matters to all countries

What will Biden era mean for the world and India?

With Joe Biden being sworn in as the 46th US President, the theme is now centred around “America United”. Being the largest economy, the American policy playbook under a new president matters to all countries. Mint explores what can be expected from the new regime:

Sensex was up 0.5% to 50,050
HDFC AMC'S net profit grew a modest 5% for the December quarter. (Photo: Mint)
File Photo Reuters
Commuters travel amid low visibility due to dense fog in Gurugram on Tuesday.  (ANI)
Indigo Paints IPO: At the upper end of the price band, the initial public offer (IPO) is expected to fetch  ₹1,170 crore (Image: https://indigopaints.com)
On December 21, Amazon Inc had also filed a plea before the Delhi High Court, seeking a stay on the Future-Reliance deal. (Mint)
On December 21, Amazon Inc had also filed a plea before the Delhi High Court, seeking a stay on the Future-Reliance deal. (Mint)

Sebi grants approval to RIL-Future Group deal

  • SEBI, while referring to the complaints registered by Amazon and the plea filed in Delhi HC, has asked the entities involved in the amalgamation to keep their shareholders informed about the legal dispute

Photo: iStock
Residents hold placards as they gather to watch US Democratic Vice President-Elect Kamala Harris, inaugural ceremony at her ancestral village of Thulasendrapuram, in Tamil Nadu. (AFP)
In India gold prices breached  ₹50,000 mark this week (PTI)
National Guard patrol a road block leading to the Supreme Court ahead of President-elect Joe Biden's inauguration ceremony, Wednesday, Jan. 20, 2021, in Washington. (AP Photo/Julio Cortez) (AP)
National Guard patrol a road block leading to the Supreme Court ahead of President-elect Joe Biden's inauguration ceremony, Wednesday, Jan. 20, 2021, in Washington. (AP Photo/Julio Cortez) (AP)

Scenes from America that were only seen in fallow democracies

The riven country that Trump leaves behind reminds us of eternal vigilance being the price of liberty

The consolidated profit after tax of TCL in the December quarter rose 428% from a year ago to  ₹309 crore, driven by robust growth in profitability and revenue from the data business, the company said on Tuesday.
The consolidated profit after tax of TCL in the December quarter rose 428% from a year ago to 309 crore, driven by robust growth in profitability and revenue from the data business, the company said on Tuesday.

Govt plans to sell TCL stake for 8,000 cr

Part of the stake will be sold through OFS and on the discovered price, and the rest of the stake will be sold to Tatas

US President Joe Biden signs executive orders in the Oval Office of the White House in Washington, D.C. (Bloomberg)
With the onset of covid, market penetration for hand sanitizers had grown from low single digits to 45% in 2020. ISTOCK
When UPI captures 59% of the payment market share by volume, projected transactions are expected to be at 99 billion by volume and  ₹128 trillion by value, said PwC. (Pradeep Gaur/Mint)
When UPI captures 59% of the payment market share by volume, projected transactions are expected to be at 99 billion by volume and 128 trillion by value, said PwC. (Pradeep Gaur/Mint)

UPI transactions by volume and value hit new high in December

  • UPI transaction volumes reached 2,234.16 million in In December. The value of transactions was 4,16,176 crore
  • UPI had a 17% market share in 2018-19 and is expected to reach 59% by 2024-25

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange. (REUTERS)
FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange. (REUTERS)

Wall Street soars after smooth Joe Biden inauguration

  • The Dow and S&P 500 posted all-time highs, but none gained more than the Nasdaq
  • Investors were relieved the new president took office safely after outgoing president Donald Trump's supporters attacked the US Capitol earlier this month

Kerala recently lifted restrictions on spa services .
Kerala recently lifted restrictions on spa services .

Wellness therapies see demand uptick

Lockdown fatigue, remote working and constant fear of infection have spurred demand for wellness packages and stress-relief therapies as consumers look to unwind and relax

A large part of such failures are seen originating from NBFCs, lending apps (Photo: iStock)
A large part of such failures are seen originating from NBFCs, lending apps (Photo: iStock)

Auto-debit defaults fall in Dec

  • Transaction failures were 200 bps lower, at 38% of total auto-debits
  • The recovery is being seen at a time when judicial order has barred lenders from classifying certain loans as bad

File photo of an RIL refinery at Jamnagar. The company is expected to report a 14% q-o-q rise in Ebitda and a 16% q-o-q recovery in earnings, two-thirds of which will be driven by a recovery in petrochemicals Ebitda, say brokers. (Photo: AFP)
File photo of an RIL refinery at Jamnagar. The company is expected to report a 14% q-o-q rise in Ebitda and a 16% q-o-q recovery in earnings, two-thirds of which will be driven by a recovery in petrochemicals Ebitda, say brokers. (Photo: AFP)

Refining, petchem biz to be key drivers for RIL

RIL’s consolidated revenue is expected to hit 1.21 trillion in the Dec quarter

With the industry demanding a chance to resolve past disputes related to customs duty, the government is actively considering such a solution (Bloomberg)
With the industry demanding a chance to resolve past disputes related to customs duty, the government is actively considering such a solution (Bloomberg)

Government mulls amnesty plan to resolve customs issues

The Centre is considering a one-time amnesty plan for the resolution of legacy disputes pertaining to customs duty, after the success of Sabka Vishwas for settlement of excise and service tax cases, and Vivad se Vishwas for income-tax issues, two people aware of the matter said, seeking anonymity

In this piece, we explain the advantages and limitations of NPS and how savers can integrate it into their retirement planning. Photo: iStock
Oxford preparing vaccine versions to fight Covid 19 virus variants (AFP)
Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy (Photo: ANI)
On Wednesday, about 25 I-T officials visited Flipkart’s office  (Mint)
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