Name: RBI directs Bajaj Finance to halt loans for eCOM and Insta EMI card
Uploaded: 2023-11-15T19:47:08.000+05:30
Duration: T00M32S
Channel: Editorji News Desk
Description: 'These supervisory restrictions will be reviewed after the rectification of the said deficiencies to the satisfaction of the RBI'

The unions' firm request for a 5 day banking remains a crucial condition, emphasizing their stance to withhold complete endorsement of the wage agreement until this requirement is fulfilled. 

Bank unions secure 17% salary hike agreement; Demand 5 day work week

The unions' firm request for a five-day work week remains a crucial condition, emphasizing their stance to withhold complete endorsement of the wage agreement until this requirement is fulfilled. 

<h2>The unions' firm request for a five-day work week remains a crucial condition, emphasizing their stance to withhold complete endorsement of the wage agreement until this requirement is fulfilled.&nbsp;</h2>

Bank Employees Salary Hike: Bank unions have recently reached an agreement with the Indian Banks Association (IBA) to implement a substantial 17% annual salary hike over five years, starting from the fiscal year 2021-22. This consensus, set to take effect from November 1, 2022, aims to enhance the financial remuneration for bank employees across the country.
This wage revision agreement, announced marks a significant milestone between the IBA and various bank unions. However, the unions have set forth a pivotal condition before fully endorsing the deal - the declaration of all Saturdays as public holidays for banks.
While a memorandum of understanding (MoU) has been formalized between the IBA and the United Forum of Banks along with other unions and associations, the final agreement hinges upon the assurance of a 5-day banking.
The 17% increase in salaries and allowances for the fiscal year 2022-23 would amount to approximately Rs 12,449 crore, encompassing all public sector banks, including the esteemed State Bank of India (SBI).
Per the terms outlined in the MoU, the new pay scales will incorporate the merging of dearness allowance (DA) amounting to 8,088 points with the basic pay as of October 21, 2022, coupled with a 3% loading, totaling ₹1,795 crore.
To allocate the annual wage hike among bank employees, the distribution will be calculated separately and proportionally based on the establishment expenses for the fiscal year 2022.
<h3>5 Days Banking</h3>
Further discussions between the parties are scheduled to finalize a comprehensive Bipartite Settlement or Joint Note, encompassing various consensual matters. It's noteworthy that the IBA has urged the government to designate all Saturdays as holidays within the banking sector under the Negotiable Instruments Act of 1881.
The unions&rsquo; insistence on a five-day work week stands as a significant demand, underlining their intent to not fully ratify the wage agreement until this condition is met, ensuring improved work-life balance for bank employees. Also Watch: <a href="https://www.editorji.com/business-news/iba-s-proposal-banks-consider-transition-to-five-day-workweek-1701956872154#google_vignette">IBA's proposal: Banks consider transition to five-day workweek</a>

UPI limits hiked: The RBI has increased the UPI payment limits to Rs 5 lakh for hospitals and educational institutions while increasing the limits of e-mandates for recurring payments of specific categories to Rs 1 lakh.

UPI Tranction Limit Hiked: RBI raises UPI limit to Rs 5 lakh per transaction for hospitals and educational institutions

The RBI has increased the UPI transaction limit to Rs 5 lakh for hospitals and educational institutions while increasing the limits of e-mandates for recurring payments of specific categories to Rs 1 lakh

<h2>The RBI has increased the UPI transaction limit to Rs 5 lakh for hospitals and educational institutions while increasing the limits of e-mandates for recurring payments of specific categories to Rs 1 lakh</h2>

UPI transaction limit increased: The RBI on Friday increased the UPI payment limits for hospitals and educational institutions to Rs. 5 lakh from Rs. 1 lakh per transaction. RBI Governor Shaktikanta Das announced this during the bi-monthly Monetary Policy Committee (MPC) meeting.&nbsp;
"The limit for various categories of UPI transactions has been reviewed from time to time. It is now proposed to enhance the UPI transaction limit for payment to hospitals and educational institutions from Rs 1 lakh to Rs 5 lakh per transaction. This will help the consumers to make UPI payments of higher amounts for education and healthcare purposes," Shaktikanta Das said
<h3>UPI Limit enhancement in e-mandates</h3>
He further announced the enhancement of limits in e-mandates for recurring payments for specific categories. The limits have been raised to Rs 1 lakh for mutual fund subscriptions, insurance premium subscriptions, and credit card repayments.&nbsp;
&ldquo;E-mandates for making payments of a recurring nature have become popular among customers. Under this framework, an additional factor of authentication (AFA) is currently required for recurring transactions exceeding Rs 15,000. It is now proposed to enhance this limit to Rs 1 lakh per transaction for recurring payments of mutual fund subscriptions, insurance premium subscriptions, and credit card repayments. This measure will further accelerate the usage of e-mandates", Shaktikanta Das said
<h3>Repo Rate Unchanged</h3>
For the fifth time in a row, the Reserve Bank of India Monetary Policy Committee has kept the repo rate unchanged at 6.5% and the withdrawal of accommodation stance. The GDP forecast for FY24 is also raised to 7% while the CPI inflation is kept unchanged at 5.4%.
Also Read: <a href="https://www.editorji.com/business-news/rbi-monetary-policy-december-2023-1702010117722" target="_blank">RBI Monetary Policy December 2023: Repo rate left unchanged at 6.5% for the fifth time</a>

Facing financial woes, Dunzo aims to close down 50% of its dark stores, having already shut down 20-30% of these stores in Delhi-NCR and Hyderabad in 2022

Dunzo grapples with cash crunch, employees miss November paychecks

Facing financial woes, Dunzo aims to close down 50% of its dark stores, having already shut down 20-30% of these stores in Delhi-NCR and Hyderabad in 2022

Dunzo, backed by Google, faces financial strain, reportedly delaying employee salaries for November amid cash crunch problems, as per the Hindu Business Line. Layoffs and Unpaid Dues:
The hyperlocal e-commerce platform has cut over 30% of its workforce in recent months, reducing its staff from over 1,000 employees at the start of 2023. The company has undergone three rounds of layoffs, axing about 300 employees in the first half of the year to curb expenses.
Additionally, Dunzo has yet to settle dues for its existing employees, as reported by the Financial Daily. The startup has also deferred final payments to those laid off, planning to clear their dues over the next three months, as stated by PTI agency in October.
Dark Store Closures and Financial Woes:&nbsp;
Facing financial woes, Dunzo aims to close down 50% of its dark stores, having already shut down 20-30% of these stores in Delhi-NCR and Hyderabad in 2022.
The company's financial troubles coincide with its collaboration with OneTap, a revenue financing firm, established in August. Co-founder Dalvir Suri reportedly exited the company in October. Cost-Cutting Initiatives:&nbsp;
Earlier in April, Dunzo closed a $75-million financing round via convertible notes, having previously raised $240 million in equity funding in January 2022. Notably, Reliance Retail holds a 25.8% stake in Dunzo, while Google possesses around 20%.
Despite raising approximately $457.6 million across 19 funding rounds, Dunzo's auditor, Deloitte, expressed doubts about its sustainability, citing a significant increase in net losses to ₹1,802 crore in FY23, a 288% surge from the previous year.
To reduce costs, Dunzo migrated employee accounts from Google to Zoho workspace, aiming for at least a 33% cost reduction. Earlier, the company had also relinquished its Bengaluru office space.

Due to a surge in domestic prices to Rs 40/kg in wholesale trade following crop damage from unseasonal rainfall in Maharashtra, India has enforced a ban on onion exports until March 31, 2024. 

India bans onion exports until March 2024 amid price surge

Due to a surge in domestic prices to Rs 40/kg in wholesale trade following crop damage from unseasonal rainfall in Maharashtra, India has enforced a ban on onion exports until March 31, 2024.&nbsp;

The government has taken decisive action by banning onion exports until March 31, 2024, in response to a surge in domestic onion prices, which soared to ₹40 per kilogram in wholesale trade. The unexpected and untimely rainfall in Maharashtra severely impacted the onion crop, prompting this significant move by the government.
A team of officials from the central government recently conducted an assessment of fields in Maharashtra to evaluate the damage caused by the unanticipated rainfall.
The surge in onion prices, reaching between ₹38 to ₹41 per kilogram for good-quality onions in wholesale trade, was supported by robust export demand from Bangladesh, reporetd Economic Times.
Traders anticipate a considerable drop in onion prices by January, owing to the increasing arrival of kharif onions.&nbsp;
The prohibition on onion exports from December to February, a crucial period for such exports, not only affects market dynamics but also impacts farmers who rely on these exports, especially for onions with limited shelf life harvested during this time ET rported.&nbsp;
Also Watch: <a href="https://www.editorji.com/business-news/economy/onion-prices-in-delhi-touch-80-per-kg-govt-imposes-usd-800-tonne-minimum-export-price-1698751444663#google_vignette">Onion prices in Delhi touch ₹80 per kg, Govt imposes USD 800/tonne minimum export price</a>

RBI MPC MEET Dec 2023: Reserve Bank of India Credit Policy Committee has kept the repo rate unchanged at 6.5% for the 5th time.

RBI MPC Meering December 2023: Repo rate left unchanged at 6.5% for the 5th time

This is the fifth time in a row that the RBI monetary policy committee has maintained status quo on the interest rates keeping it unchanged at 6.5%

<h2>This is the fifth time in a row that the RBI monetary policy committee has maintained status quo on the interest rates keeping it unchanged at 6.5%</h2>

RBI Monetary Policy Meet December 2023: For the fifth time in a row, the Reserve Bank of India Monetary Policy Committee has kept the repo rate unchanged at 6.5% and the withdrawal of accommodation stance has been maintained which means the RBI has decided to reduce the money supply in the system to rein in Inflation.
<h3>RBI MPC Meeting Dec 2023: Repo Rate unchanged</h3>
The decision by the MPC indicates the way forward for RBI as for the remainder of the financial year as it seeks to bring inflation under the 4% target. The RBI had increased the RBI repo rate in the last quarter of FY23 by 25 basis points &nbsp;under the liquidity adjustment facility. Since then the interest rate has been kept unchanged.
<h3>RBI MPC Meet Dec 2023: Shaktikanta Das on inflation</h3>
There has been broad-based easing in core inflation, which is indicative of successful disinflation through monetary policy actions, said Das. He added that the near-term outlook however is masked by risks to food inflation, which might lead to an inflation uptick in November and possibly in December. This needs to be watched for second-round effects, if any.
<h3>Economic Projections</h3>
The real GDP projection is also raised. For FY24 the forecast is raised to 7% from 6.5% while the CPI inflation is projected at 5.4%. The GDP for thrid quarter of FY24 will be 6.5%, and 6% for Q4. The CPI inflation projection for Q3 is at 5.6% and Q4 at 5.2%
Also Watch: <a href="https://www.editorji.com/business-news/economy/budget-2024-fm-nirmala-sitharaman-confirms-no-major-announcements-1701947612542#google_vignette" target="_blank">Budget 2024 - FM Nirmala Sitharaman confirms no major announcements</a>

The average price of 1 gram of 22K Gold stood at ₹5,770 while the cost for 24K gold prices stood at ₹6,295 and 1 kg silver stood at ₹77,200

Gold, Silver Rates today December 08, 2023: Check Prices in Mumbai, Delhi, Chennai

The average price of 1 gram of 22K Gold stood at ₹5,770 while the cost for 24K gold prices stood at ₹6,295 and 1 kg silver stood at ₹77,200

Gold Silver Price Today 08 December 2023: Gold prices increased while the silver prices fell on the Multi Commodity Index on Friday
The average price of 1 gram of 22K Gold stood at ₹5,770 while the 24K gold prices stood at ₹6,295.&nbsp;
The rate of 10 grams of 24K gold in Chennai stood at ₹63,660, which was followed by Delhi and Jaipur where the gold costs ₹63,100.&nbsp;
The average price of 10gm of Silver was at ₹772 and 1 kg of silver stood at ₹77,200.
However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹80,000 followed by Delhi and Mumbai where the metal was sold at ₹77,200
<h3>24 Carat Gold Price Today December 08 (per 10gm) - Indian Top Cities</h3>
Delhi - ₹63,100 Chennai - ₹63,660 Mumbai - ₹62,950 Kolkata - ₹62,950 Bengaluru - ₹62,950
1 KG Silver Price Today December 08 - Indian Top Cities
Delhi - ₹77,200 Chennai - ₹80,000 Mumbai - ₹77,200 Kolkata - ₹77,200 Bengaluru - ₹76,000

The average price of 1 gram of 22K Gold stood at ₹5,755 while the cost for 24K gold prices stood at ₹6,278 and 1 kg silver stood at ₹77,200

Gold, Silver Rates today December 07, 2023: Check Prices in Mumbai, Delhi, Chennai

The average price of 1 gram of 22K Gold stood at ₹5,755 while the cost for 24K gold prices stood at ₹6,278 and 1 kg silver stood at ₹77,200

Gold Silver Price Today 07 December 2023: Ahead of the RBI MPC meeting decision, bothe the gold and silver prices remained lower on the Multicommodity Index on Thursday.
The average price of 1 gram of 22K Gold stood at ₹5,755 while the 24K gold prices stood at ₹6,278.&nbsp;
The rate of 10 grams of 24K gold in Chennai stood at ₹63,490, which was followed by Delhi and Jaipur where the gold costs ₹62,930.&nbsp;
The average price of 10gm of Silver was at ₹772 and 1 kg of silver stood at ₹77,200.
However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹80,000 followed by Delhi and Mumbai where the metal was sold at ₹77,200
<h3>24 Carat Gold Price Today December 07 (per 10gm) - Indian Top Cities</h3>
Delhi - ₹62,930 Chennai - ₹63,490 Mumbai - ₹62,780 Kolkata - ₹62,780 Bengaluru - ₹62,780
<h3>1 KG Silver Price Today December 07 - Indian Top Cities</h3>
Delhi - ₹77,200 Chennai - ₹80,000 Mumbai - ₹77,200 Kolkata - ₹77,200 Bengaluru - ₹76,500

RBI MPC Meeting October 2023: The RBI monetary policy committee has remained status quo on the interest rates for 4th time in a row. Check out more details on repo rates here,

RBI Monetary Policy Meet October 2023: Repo rate left unchanged at 6.5%

This is the fourth time in a row that the RBI monetary policy committee has remained status quo on the interest rates. Since May 2022, the repo rate has been raised by a total of 250 basis points to bring inflation under control

<h2>This is the fourth time in a row that the RBI monetary policy committee has remained status quo on the interest rates. Since May 2022, the repo rate has been raised by a total of 250 basis points to bring inflation under control</h2>

RBI MPC Meet October 2023: For the fourth time in a row, the Reserve Bank of India Monetary Policy Committee has kept the repo rate unchanged at 6.5% and the withdrawal of accommodation stance has been maintained.
<h3>Repo Rate remains Unchanged</h3>
The Standing Deposit Facility and Marginal Standing Facility rates also left unchanged at 6.25% and 6.75% respectively.
During the credit policy announcement, RBI governor Shaktikanta Das cautioned on the need to remain vigilent towards inflation as this might be a major risk to macroeconomic policy &amp; growth.
Also Read: <a href="https://www.editorji.com/business-news/gst-council-to-review-28-levy-on-online-gaming-horse-racing-and-casinos-at-upcoming-meeting-1696425755131">GST Council to review 28% levy on online gaming, horse racing, and casinos at upcoming meeting</a>
<h3>RBI Monetary Policy Meet October 2023: Economic Projections</h3>
Shaktikanta Das Announcement: The RBI Governor has mentioned that the monetary policy focus remains to align inflation at the 4% target. The CPI inflation forecast for FY24 is retained at 5.4%. RBI's GDP growth projection has been kept unchanged at 6.5% for 2023-24.&nbsp;
Since May 2022, the central bank has raised the repo rate by 250 basis points which the governor says is still working through the economy.&nbsp;

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Cyclone Michaung

'These supervisory restrictions will be reviewed after the rectification of the said deficiencies to the satisfaction of the RBI'

RBI directs Bajaj Finance to halt loans for eCOM and Insta EMI card 

<h2>'These supervisory restrictions will be reviewed after the rectification of the said deficiencies to the satisfaction of the RBI'</h2>

The Reserve Bank directed Bajaj Finance to halt the sanction and disbursal of loans under its eCOM and Insta EMI Card products immediately. This move comes as a result of the company's non-compliance with the Digital Lending Guidelines, specifically the non-issuance of Key Fact Statements and deficiencies in those issued for other digital loans. The supervisory restrictions will be lifted after the company rectifies these issues to the satisfaction of the RBI.
 Also read/watch - <a title="Sensex, Nifty jump over 1% as US inflation data softens&nbsp;" href="https://www.editorji.com/business-news/markets/sensex-nifty-jump-over-1-as-us-inflation-data-softens-1700048944397">Sensex, Nifty jump over 1% as US inflation data softens&nbsp;</a> The central bank had released norms on August 10, 2022, to regulate digital lending and curb fraud and unlawful activities. These regulations were proposed by a working group set up by the RBI in January 2021 to study digital lending issues. The norms address the proliferation of instant loan providers, especially after the COVID-19 pandemic, which have sometimes exploited consumers and employed aggressive recovery practices.&nbsp;

The present retail scene displays a diverse price spectrum for garlic, ranging from ₹180 to ₹300 per kilogram, reflecting different qualities in various markets. Wholesale rates fluctuate between ₹150 and ₹260 per kilogram, further burdening consumer

Garlic prices surge amid dwindling supplies: Double in six weeks

The present retail scene displays a diverse price spectrum for garlic, ranging from ₹180 to ₹300 per kilogram, reflecting different qualities in various markets. Wholesale rates fluctuate between ₹150 and ₹260 per kilogram, further burdening consumers.

The present retail scene displays a diverse price spectrum for garlic, ranging from ₹180 to ₹300 per kilogram, reflecting different qualities in various markets. Wholesale rates fluctuate between ₹150 and ₹260 per kilogram, further burdening consumers.

Consumers are feeling the pinch as garlic prices have skyrocketed, reaching an all-time high in the last six weeks. Surpassing ₹250/kg in retail markets across the nation, this steep surge has rattled household budgets. Wholesale rates are averaging between ₹130-140/kg, while premium quality garlic commands a steep ₹220-250/kg in wholesale mandis, reported Economic Times.
The escalation in prices during December is not unusual, attributed to dwindling stored stocks. "Every year, garlic prices rise during this period due to limited supplies," remarked Vilas Bhujbal, wholesale trader from Pune APMC to ET.
The current retail landscape witnesses a broad range of prices from ₹180-300/kg for varying garlic qualities across different markets. Wholesale prices oscillate between ₹150-260/kg, adding pressure on consumers already grappling with inflated costs.
Adding to farmers' woes is the recent ban on onion exports, intensifying unrest within the farming community. This abrupt halt in exports comes at a challenging time for farmers, grappling with the aftermath of droughts and untimely rainfall.&nbsp;
The government's decision to curtail onion exports from December 8 aimed to stabilize soaring prices caused by untimely rainfall in November. Previously, prices had surged above ₹45/kg in certain markets due to robust exports to neighbouring countries like Bangladesh and Nepal.
Consequently, the ban swiftly impacted onion prices, causing a sharp decline from ₹35/kg to ₹25/kg at the Lasalgaon market, with several other markets in Nashik following suit. However, other markets in Maharashtra stood resilient, with wholesale prices ranging between ₹25/kg to ₹45/kg on Sunday, reported ET.
With garlic prices hitting unprecedented highs and onion markets experiencing volatility, consumers brace themselves for continued fluctuations in essential kitchen staples. Also Watch: <a href="https://www.editorji.com/business-news/india-bans-onion-exports-until-march-2024-amid-price-surge-1702030402008#google_vignette">India bans onion exports until March 2024 amid price surge</a>

The average price of 1 gram of 22K Gold stood at ₹5,695 while the cost for 24K gold prices stood at ₹6,213 and 1 kg silver stood at ₹75,800

Gold, Silver Rates today December 11, 2023: Check Prices in Mumbai, Delhi, Chennai

The average price of 1 gram of 22K Gold stood at ₹5,695 while the cost for 24K gold prices stood at ₹6,213 and 1 kg silver stood at ₹75,800

Gold Silver Price Today 11 December 2023: Both Gold and Silver prices fell on the Multi Commodity Index on Monday
The average price of 1 gram of 22K Gold stood at ₹5,695 while the 24K gold prices stood at ₹6,213.&nbsp;
The rate of 10 grams of 24K gold in Chennai stood at ₹62,730, which was followed by Delhi and Jaipur where the gold costs ₹61,230.&nbsp;
The average price of 10gm of Silver was at ₹758 and 1 kg of silver stood at ₹75,800.
However, in Chennai, Hyderabad, and Kerala the metal was sold at ₹77,800 followed by Delhi and Mumbai where the metal was sold at ₹75,800
24 Carat Gold Price Today December 11 (per 10gm) - Indian Top Cities
Delhi - ₹61,230 Chennai - ₹62,730 Mumbai - ₹62,130 Kolkata - ₹62,130 Bengaluru - ₹62,130
1 KG Silver Price Today December 11 - Indian Top Cities
Delhi - ₹75,800 Chennai - ₹77,800 Mumbai - ₹75,800 Kolkata - ₹75,800 Bengaluru - ₹73,800

The recent performance comes as a continuation of the remarkable uptrend witnessed last Friday. This surge was primarily fueled by the Reserve Bank of India's encouraging outlook for the current fiscal year.

Sensex hits historic 70,000 points; nifty crosses 21,000 mark

The recent performance comes as a continuation of the remarkable uptrend witnessed last Friday. This surge was primarily fueled by the Reserve Bank of India's encouraging outlook for the current fiscal year.

In an early morning surge, the Sensex, India's benchmark index, marked a historic milestone by surpassing the 70,000-point threshold for the first time on Monday. Simultaneously, the Nifty, a broader index, surged past the 21,000 level, solidifying the stock market's ongoing bullish streak.
This remarkable achievement follows the indices reaching unprecedented highs last Friday, bolstered by the Reserve Bank of India's optimistic growth projection for the current fiscal year and its decision to maintain unaltered policy rates.
Starting the day on a high note, the 30-share Sensex hit an all-time pinnacle of 70,048 points immediately after opening. However, it slightly retreated from this zenith to settle at 69,958 points, still marking a notable upswing of 132 points in comparison to the previous closing level.
In a parallel, the 50-share Nifty soared to its peak at 21,019 points before moderating to 20,984 points, indicating an increase of 15 points from the previous trading session.
Foreign Portfolio Investors displayed a bullish sentiment, injecting ₹26,505 crore into the domestic equity market within the initial six trading sessions of December, reflecting growing confidence in India's economic prospects among international investors.
The bullish trend in the stock market resonates with the positive sentiments prevailing among investors, supported by upbeat economic indicators and a favourable policy environment.&nbsp; Also Watch: <a href="https://www.editorji.com/business-news/markets/sensex-crosses-69k-as-markets-surge-continues-adani-pack-power-grid-lead-gains-while-hul-among-losers-1701776448295#google_vignette">Sensex crosses 69k as markets surge continues; Adani pack, power grid lead gains while HUL among losers</a>

Tata Motors, known for its varied range including the Tiago hatchback and premium SUV Safari, with prices spanning from ₹5.6 lakh to ₹25.94 lakh, had hinted at a potential price revision.

Tata Motors to implement 3% price hike on commercial vehicles from 1st January 

Tata Motors, known for its varied range including the Tiago hatchback and premium SUV Safari, with prices spanning from ₹5.6 lakh to ₹25.94 lakh, had hinted at a potential price revision.

Tata Motors has announced a 3% increase in the prices of its commercial vehicles starting January 1, 2024. This announcement comes as the company aims to counterbalance the residual impacts of past input costs, according to a filing with regulatory authorities.
The price hike will span the entire spectrum of commercial vehicles offered by Tata Motors. While the automaker didn't initially specify the extent of the potential increase, it later confirmed the up to 3% raise.
Tata Motors, renowned for its diverse portfolio ranging from the Tiago hatchback to the premium SUV Safari, priced between Rs 5.6 lakh and Rs 25.94 lakh, had previously indicated the likelihood of a price adjustment.
This move aligns Tata Motors with several other major automotive companies like Maruti Suzuki, Mahindra &amp; Mahindra, Honda, and Audi, all of which have also announced price hikes from January.
India's regulatory requirements are steering the automotive industry towards stricter fuel efficiency norms since April of the current year. Additionally, the mandate for all cars to be equipped with six airbags by October has set forth challenges for automakers.
Despite a slight decrease in key commodity prices from their historic highs, automobile manufacturers have been compelled to implement price hikes to maintain margins, especially within a high-inflation environment.
Also Watch: <a href="https://www.editorji.com/business-news/markets/maruti-suzuki-m-m-and-audi-india-to-hike-prices-for-jan-2024-1701153101036#google_vignette">Maruti Suzuki, M&amp;M, and Audi India to hike prices for Jan 2024</a>

In this episode of Invest Smart, Feroze Azeez, Dy CEO 
of Anand Rathi Wealth, and Editorji's Avni Raja discuss how investors should navigate the current bullish trend in the stock market.

Invest Smart: How to manage investments in a bull market 

In this episode of Invest Smart, Feroze Azeez, Dy CEO&nbsp; of Anand Rathi Wealth, and Editorji's Avni Raja discuss how investors should navigate the current bullish trend in the stock market.

In this episode of Invest Smart, financial expert Feroze Azeez engaged in a comprehensive discussion shedding light on navigating investments within the ongoing bull market.&nbsp;
He drew attention to the evolution of bull markets, emphasizing the transition from the high compound returns of the past to the current, more moderate gains hovering around 13-14%.
Crucially, Azeez highlighted the pivotal role of earnings growth in sustaining the market's upward trajectory. However, the discussion underscored the necessity of cautiousness due to observed levels of overvaluation in various market segments. Large-cap stocks
Delving deeper into market complexities, the dialogue spotlighted nuances within large-cap stocks. While overall Nifty PE ratios remained at a reasonable 21-22, concerns were raised regarding overvaluation in specific counters. Azeez stressed the importance of a nuanced approach, considering the wide valuation fluctuations evident within market indices.
Profit booking On profit booking, Azeez offered tailored advice based on individual equity allocations. Investors with over 80% equity exposure were advised to consider profit booking, while those with a below 50% equity allocation were encouraged to maintain a balanced stance.
Fear of Missing Out on Rally
Azeez dispelled the Fear of Missing Out (FOMO) by presenting historical market data, illustrating the market's circular trajectory over the last two years. He emphasized the importance of a realistic, long-term investment outlook, anticipating both returns and corrections in the range of 14-15% annually.
For prospective investors, He recommended building a diversified portfolio foundation comprising flexi-cap, mid-cap, and small-cap funds. He also outlined contemporary funds poised to potentially outperform the Nifty by 3-4%. Sectoral Investments&nbsp;
Addressing sectoral investments, Azeez cautioned about the limitations of mutual funds in swiftly capitalizing on sectoral shifts. However, he identified Pharma as a potentially lucrative long-term sector due to an impending industry transformation. Concluding his advices, Azeez encouraged viewers to engage and seek tailored investment guidance.
Also Watch:<a href="https://www.editorji.com/business-news/invest-smart/invest-smart-navigating-market-turmoil-strategies-for-investors-amidst-volatility-1698407893823"> Invest Smart: Navigating market turmoil; strategies for investors amidst volatility&nbsp;</a>

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RBI directs Bajaj Finance to halt loans for eCOM and Insta EMI card

'These supervisory restrictions will be reviewed after the rectification of the said deficiencies to the satisfaction of the RBI'

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