The end of each year witnesses a series of notes and press conferences by financial services firms on the year to come. The spectacular rally in equities during 2020 in the face of a large contraction in the economy has turned several brokerages relatively cautious. In a media concall on 16 December, Kotak Securities announced its Nifty target of 13,500 for the end of 2021, below the index’s present level.
RBI not likely to cut interest rates soon; how this delay can impact bond investors, what they should do
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