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India’s MF industry could hit ₹800 lakh crore in 10 years: Raamdeo Agrawal
India’s mutual fund industry could grow ten-fold in the next decade, reaching ₹600–800 lakh crore in AUM, up from the current ₹80 lakh crore, predicts Raamdeo Agrawal.
Watch | See long-term upside in gold, expects near-term consolidation, says Christopher Wood
Jefferies Global Head of Equity Strategy Christopher Wood said gold retains strong long-term upside potential despite the possibility of a tactical consolidation phase in the near term. He noted leveraged investors may consider booking profits after recent gains. Wood has set a formal long-term target of $6,000–$6,500 per ounce but said prices could eventually reach $10,000 in US dollar terms. He added that gold remains his preferred asset over silver, energy or copper for long-term allocation.
This mutual fund expert sees strong growth potential in midcap stocks
Sandeep Bagla of TRUST Mutual Fund sees strong growth potential in Indian midcap equities, driven by economic expansion, policy support, and sectors like technology, consumption, and energy.
Nifty recovers 200 points from intra-day lows; IT continues outperformance | Closing Bell
Indian equities erased all the intraday losses with Nifty back above 23,500. TCS, Infosys, HCL Tech, Tech Mahindra, Trent are among top gainers on the Nifty, while losers are NTPC, Power Grid Corp, Cipla, Dr Reddy's Labs and L&T. Among sectors IT index up 4%, while auto, metal, Consumer Durables, realty up 0.5% each. However, pharma, healthcare, power, media, energy down 0.5-1%. Nifty Midcap and Smallcap indices down marginally. Catch Lovish Darad in conversation with Market Experts.