Premium growth may be volatile for the rest of FY25 due to surrender value regulations
"Retail investors may show some of their usual chutzpah and buy stocks aggressively, buying on dips has been the common mantra so far, but that would be comical," the note said
The recent correction in the equity market, according to the asset manager, has eased multiples to an extent but valuations still remain high, especially in the midcap and smallcap space
Quality indices, such as the Nifty 500 Quality 50 Index, are built by filtering stocks from the parent index based on their quality score
Several brokerages have revised their target prices for DMart, citing concerns about sustained margin pressure.
On Monday, the rupee was trading at 86.58 against the dollar, a fresh low amid a rising dollar and outflows from Indian equities
Five of the 11 S&P 500 sectors declined, led by a 1.8 per cent drop in Technology stocks. Megacaps were down, with Tesla sliding 2 per cent, Apple dropping 2.7 per cent