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NIFTY 50
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Taiwan Weighted
MCX GOLD JUN 05
MCX SILVER JUL 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD JUN 05
MCX SILVER JUL 05
MCX CRUDEOIL JUN 19
MCX NATURALGAS MAY 28
USD/INR
EUR/INR
GBP/INR
JPY/INR

Sensex scales 40,000 peak, Nifty breaches 12,000 for first time as polls show Modi returning to power

Asia feels chill from Sino-US tech cold war

Oil prices dip on swelling US crude stocks, but global markets still tight

Rupee gains, stocks hit record highs as BJP takes early lead in vote counting

big story

Election results: NDA poised for a stunning victory; leads in 341 seats

272/543

L :345

W :2

L :90

W :0

NDA :2 | Need 269 More Seats to win

Need 271 More Seats to win | UPA : 0

LOK SABHA ELECTION RESULTS 2019

Total Constituencies

543

Voter Turnout

67.11%

NDA : 347

2014 : 354 Seats

BJP

292

+

SS

19

+

Other

36

UPA : 90

2014 : 66 Seats

INC

51

+

DMK

22

+

Other

17

OTH : 105

2014 : 107 Seats

YSRCP

23

+

TMC

23

+

Other

59

View Full Results

UPA chairperson Sonia Gandhi leading with 55.21% vote in Raebareli

Gujarat: BJP set to repeat 2014 performance, leading on all 26 seats

BJP appears headed for another clean sweep in Rajasthan, Vaibhav Gehlot trails

BJP on course for overwhelming mandate in UP, Rahul Gandhi trails Smriti Irani in Amethi

Early trends show Congress leading in Punjab with 8 seats, BJP with 2

Business

Samvat 2075: Time to buy equities rather than gold this Diwali, say fund managers

Updated : November 03, 2018 09:15 AM IST

With Diwali festival on us, CNBC-TV18 in their special show 'Samvat 2075' spoke with veteran fund managers, Nilesh Shah, managing director, Kotak Mahindra AMC; Navneet Munot, chief information officer, SBI Mutual Fund and Manish Gunwani, chief information officer - Equity Investment, Reliance Mutual Fund, on how to light up the portfolio.

Shah said he was anti-gold and whole of India has bought more gold than what it's needed.

More importantly, he said equities have become cheaper as they haven’t given any return last Diwali. So, it's likely that this Diwali they would give better returns, "So, it's time to buy equities rather than gold."

This is the best time to buy gold as sentiment is not good, said Munot, "Last year at this time, we were celebrating implementation of GST, IBC, RERA, expectation of growth and corporate profitability coming back, so valuations were also high."

"So this time with some of the risks like trade war, global monetary tightening, higher oil prices etc. valuations are cheaper and so I am also not buying gold and putting more money in equities, especially SBI Equity Mutual Fund," Munot added.

Gunwani said neither are we in the 2009 or 2013 kind of bottom, but nor are we in 2008 or 2010 top, "We are somewhere in the middle, so there is fair amount of value emerging."

Interestingly, he said, "Even globally from 2011 to 2017, it was broadly a growth style working over value style. But over the last few months, after a fairly long time, we are starting to see value style come back – the FANG stocks too have started correcting, whereas old economy stocks have started doing well globally."

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