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Economic Times
11 hours ago
- Business
- Economic Times
Dalal Street Week Ahead: Broader trend intact, but short-term risks rising
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Over the past five sessions, the Indian equity markets headed nowhere and continued consolidating in a defined range. In the previous weekly note, it was categorically expected that the markets might stay devoid of any directional bias unless it either takes out the upper edge or violates the lower edge of the consolidation zone. In line with the analysis, the Nifty oscillated in a 401.90-point range over the past five volatility also retraced; the India Vix came off by 6.95% to 16.08 on a weekly basis. While staying absolutely range-bound, the headline index Nifty 50 closed with a minor weekly loss of 102.45 points (-0.41%).As we step into the new week, the markets find themselves in a defined trading range, more toward the edge of the pattern support on the weekly chart. The Nifty appears to continue being in a well-defined trading range between 25100 and 24500 levels. This also implies that a directional trend would emerge only if the Nifty takes out 25100 convincingly or ends up violating the 24500 level. Unless either of these two things happens, the markets will remain devoid of directional bias and will continue staying in this defined range. The present technical structure makes it even more important to maintain a steadfast focus on protecting profits at higher levels and the rotation of sectors where a likely leadership change is coming week is expected to see the levels of 25000 and 25175 acting as resistance points. The supports come in at 24500 and 24380 weekly RSI is at 59.02; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above its signal pattern analysis shows that after forming the most recent swing high at 25116, the Nifty has resisted this level for two subsequent weeks. This makes the level of 25100-25150 an important hurdle for the Nifty. Secondly, the Index has closed just at the support of an upward rising trendline; if this gets violated, the markets may see some more corrective retracement. Overall, the zone of 24500-24600 remains a crucial support area for the the Nifty stays in the 25100-24500 zone and consolidates, focusing on protecting profits at higher levels would be wise. While the markets keeps its underlying trend intact, it continues to remain prone to some extended corrective retracement until the levels of 25100 are taken out on the upside convincingly. During this phase, it makes more sense to keep leveraged exposures at modest levels and stay highly selective in making fresh purchases. While limiting the purchases to favorably rotating sectors, a cautious outlook is recommended for the coming our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed Rotation Graphs (RRG) show that the Nifty PSU Bank Index is the only Index inside the leading quadrant that continues to improve its relative momentum against the broader markets. The other sectors present inside the leading quadrant are PSE, Infrastructure, Consumption, and FMCG, and these groups show continued paring of relative momentum against the broader markets. The Nifty Commodities and the Nifty Bank Index have rolled inside the weakening quadrant. The Financial Services and the Services sector Indices are also inside the weakening Nifty Metal Index has rolled inside the lagging quadrant. It is likely to relatively underperform along with the Pharma Index which also continues to languish inside this quadrant. The IT Index is also inside the lagging quadrant but is seen sharply improving its relative momentum against the broader Realty, Media, Energy, Midcap 100, and Auto Indices are inside the improving quadrant. They are likely to continue improving their relative performance against the broader Nifty 500 Index. Important Note: RRGTM charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell Vaishnav, CMT, MSTA, is a Consulting Technical Analyst and founder of and and is based in Vadodara. He can be reached at
Economic Times
14 hours ago
- Business
- Economic Times
Mind Over Money: From pitch to boardroom: how soccer shapes the leadership style of DCB Bank CEO Praveen Kutty
Q) How has your experience on the soccer field influenced your leadership style at DCB Bank? Is this how you keep yourself mentally fit? Live Events Q) Can you draw parallels between a soccer team's dynamics and your approach to managing teams in the bank? Q) You often talk about encouraging employees to take ownership—how do you create that sense of responsibility across levels? Q) How do you ensure team success is celebrated over individual achievements in a competitive corporate environment? Q) In your view, what are the qualities of a great team player—whether on the soccer field or in the boardroom? Q) Has your engagement with sports helped you manage pressure or setbacks in business more effectively? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In this edition of Mind Over Money , we spotlight Praveen Kutty , Managing Director and CEO of DCB Bank , whose leadership philosophy draws deeply from the soccer field.A passionate footballer off the clock, Kutty brings the same energy , strategic thinking, and team-first mindset into the understanding individual strengths to making quick decisions under pressure, he shares how the beautiful game continues to influence his approach to building agile teams, fostering ownership, and staying mentally sharp in a high-stakes corporate environment. Edited Excerpts –Absolutely. Soccer has shaped the way I think about teamwork, handling pressure, and strategic it's playing at gymkhanas, local clubs, or simply catching my favourite matches, the game keeps my passion alive and helps me stay mentally like in soccer, where every pass and movement is both calculated and fluid, leadership demands quick thinking and active through sport has taught me to maintain focus, manage stress, and make decisions on the go. It's one way I ensure I stay mentally fit for the game, both on the field and in the A soccer team consists of 11 players, including a goalkeeper, all aligned to one goal: winning. Similarly, in a bank, various departments and individuals must work with a shared has different strengths—some are defenders, some are forwards. Identifying these roles and placing people in the right positions is the responsibility of a good leader.A well-planned strategy, open group discussions, and clearly defined roles ensure the team moves in just like in soccer, where it's not only about the star striker but also the silent midfielder setting up the goal, success in business is driven by collective effort, not just individual brilliance.I also believe in rotating responsibilities occasionally, much like a coach might tweak formations or switch player roles to suit the strategy. It keeps the team agile, helps individuals grow, and gives them a deeper understanding of how the whole system doesn't come from micromanaging; it grows from trust, clarity, and DCB Bank, we focus on giving individuals the freedom to operate within well-defined goals. Much like in a soccer match, you don't tell a player every move—they train, prepare, and then make judgment calls during the we ensure teams have accountability frameworks in place, but culturally, we encourage risk-taking, learning from mistakes, and celebrating initiative. When employees feel their contribution matters to the larger goal, they step up and own is a team sport—you may have a hat-trick hero, but it's the entire squad that made it DCB Bank, we make it a point to acknowledge team wins. From project launches to quarterly milestones, we focus on appreciating every contributor, visible or behind the scenes.A strong team culture is about synergy. It's about passing the ball, creating space for others, and defending when needed. We drive this mindset by encouraging cross-functional collaboration and removing silos. Recognition is always shared, because no goal is scored alone.A great team player is alert, agile, and always has an eye on the bigger picture. They anticipate what's coming next and act accordingly, just like a midfielder reading the game before making a is another key quality. In both soccer and business, you'll face injuries, bad calls, or off days. But the will to keep playing—to keep showing up—is what separates good from beats talent when talent doesn't show up. Someone born with skills may lose their edge without practice, while a consistent player with the right mindset can go the same in business—you may not start with all the advantages, but discipline and perseverance take you Sports are a great outlet—they help you reset, recharge, and in particular, teaches you to stay calm under it's the last five minutes of a tight match or the final push to close a business deal, that muscle memory kicks in. You learn to read the field, pace your energy, and strike at the right staying physically active helps me make healthier choices. When the mind and body are aligned, you are better equipped to handle match has its highs and lows, and so does business. What matters is staying in the game and playing until the last whistle.
Time of India
14 hours ago
- Business
- Time of India
Mind Over Money: From pitch to boardroom: how soccer shapes the leadership style of DCB Bank CEO Praveen Kutty
Q) How has your experience on the soccer field influenced your leadership style at DCB Bank? Is this how you keep yourself mentally fit? Live Events Q) Can you draw parallels between a soccer team's dynamics and your approach to managing teams in the bank? Q) You often talk about encouraging employees to take ownership—how do you create that sense of responsibility across levels? Q) How do you ensure team success is celebrated over individual achievements in a competitive corporate environment? Q) In your view, what are the qualities of a great team player—whether on the soccer field or in the boardroom? Q) Has your engagement with sports helped you manage pressure or setbacks in business more effectively? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In this edition of Mind Over Money , we spotlight Praveen Kutty , Managing Director and CEO of DCB Bank , whose leadership philosophy draws deeply from the soccer field.A passionate footballer off the clock, Kutty brings the same energy , strategic thinking, and team-first mindset into the understanding individual strengths to making quick decisions under pressure, he shares how the beautiful game continues to influence his approach to building agile teams, fostering ownership, and staying mentally sharp in a high-stakes corporate environment. Edited Excerpts –Absolutely. Soccer has shaped the way I think about teamwork, handling pressure, and strategic it's playing at gymkhanas, local clubs, or simply catching my favourite matches, the game keeps my passion alive and helps me stay mentally like in soccer, where every pass and movement is both calculated and fluid, leadership demands quick thinking and active through sport has taught me to maintain focus, manage stress, and make decisions on the go. It's one way I ensure I stay mentally fit for the game, both on the field and in the A soccer team consists of 11 players, including a goalkeeper, all aligned to one goal: winning. Similarly, in a bank, various departments and individuals must work with a shared has different strengths—some are defenders, some are forwards. Identifying these roles and placing people in the right positions is the responsibility of a good leader.A well-planned strategy, open group discussions, and clearly defined roles ensure the team moves in just like in soccer, where it's not only about the star striker but also the silent midfielder setting up the goal, success in business is driven by collective effort, not just individual brilliance.I also believe in rotating responsibilities occasionally, much like a coach might tweak formations or switch player roles to suit the strategy. It keeps the team agile, helps individuals grow, and gives them a deeper understanding of how the whole system doesn't come from micromanaging; it grows from trust, clarity, and DCB Bank, we focus on giving individuals the freedom to operate within well-defined goals. Much like in a soccer match, you don't tell a player every move—they train, prepare, and then make judgment calls during the we ensure teams have accountability frameworks in place, but culturally, we encourage risk-taking, learning from mistakes, and celebrating initiative. When employees feel their contribution matters to the larger goal, they step up and own is a team sport—you may have a hat-trick hero, but it's the entire squad that made it DCB Bank, we make it a point to acknowledge team wins. From project launches to quarterly milestones, we focus on appreciating every contributor, visible or behind the scenes.A strong team culture is about synergy. It's about passing the ball, creating space for others, and defending when needed. We drive this mindset by encouraging cross-functional collaboration and removing silos. Recognition is always shared, because no goal is scored alone.A great team player is alert, agile, and always has an eye on the bigger picture. They anticipate what's coming next and act accordingly, just like a midfielder reading the game before making a is another key quality. In both soccer and business, you'll face injuries, bad calls, or off days. But the will to keep playing—to keep showing up—is what separates good from beats talent when talent doesn't show up. Someone born with skills may lose their edge without practice, while a consistent player with the right mindset can go the same in business—you may not start with all the advantages, but discipline and perseverance take you Sports are a great outlet—they help you reset, recharge, and in particular, teaches you to stay calm under it's the last five minutes of a tight match or the final push to close a business deal, that muscle memory kicks in. You learn to read the field, pace your energy, and strike at the right staying physically active helps me make healthier choices. When the mind and body are aligned, you are better equipped to handle match has its highs and lows, and so does business. What matters is staying in the game and playing until the last whistle.
Economic Times
15 hours ago
- Business
- Economic Times
Morgan Stanley sees ‘uncomfortable' rally in emerging markets
Emerging-market assets should keep rallying for the rest of the year, but gains will likely be limited by a slowing global economy and US policy uncertainty, according to Morgan Stanley. ADVERTISEMENT 'It's an uncomfortable rally then, amid significant uncertainty in the US and a global economic slowdown,' strategists including James Lord wrote in a note Friday. 'Investors will need to hold their nerve.' Local-currency bonds, which have been one of the asset class' best trades this year, are also seen gaining further amid lower US Treasury yields. The global backdrop might allow for central banks to cut rates if warranted 'without having to worry too much about currency weakness,' they said. Some of Morgan Stanley's favorite trades include wagering that the Chilean peso will strengthen against the dollar, scooping up Hungary's local bonds due in 2030 and betting on lower Brazil yields. 'Brazil remains our favorite market for receivers' in Latin America, strategists wrote, adding that they see lower interest-rate swaps maturing in 2029 and like inflation-linked government bonds due in 2028. (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
15 hours ago
- Business
- Economic Times
JPMorgan CEO Dimon backs US taxing carried interest, warns of bond market trouble
Live Events PRIVATE MARKET LOOPHOLE (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JPMorgan Chase CEO Jamie Dimon said on Friday that the U.S. should be taxing carried interest , joining the criticism of a loophole that enables private market investors to benefit from lower taxes."We absolutely should be taxing carried interest," the biggest U.S. bank's top boss said in an interview at the Reagan National Economic Forum, aligning with U.S. President Donald Trump's recent campaign to close the provision long-cherished by proposed using the revenue to double income tax credits , even for individuals without children, noting that the estimated $60 billion additional cost from this initiative would directly benefit communities, families and also warned of a "crack in the bond market", citing the U.S. government's overspending and quantitative easing, adding that while the market may panic when it happens, the bank would likely makers like JPMorgan often benefit from volatility, as frequent exchange of assets drives up brokerage fees for their trading flip-flop on trade policies, along with suggested tax cuts and spending surge, have sent the bond markets tumbling in recent weeks. The rise in treasury yields post "Liberation Day" tariffs, which Trump described as the bond market acting "yippy", forced him to hit a 90-day pause on tariffs."I'm hoping that we change both the trajectory of the debt and the ability of market makers to make markets," Dimon warned, while suggesting the "crack" could appear in "six months or six years".Carry, which refers to the part of private fund managers' compensation tied to profits generated, is currently taxed as a long-term capital gain, allowing fund managers to pay lower taxes compared to ordinary the loophole has been a bipartisan issue for over a decade, with successive administrations promising to close the loophole. A 2021 Congressional Budget Office estimates that doing so would raise tax revenue by $14 billion over 10 equity and hedge funds have opposed such legislation, saying it could potentially hurt small businesses as well as institutional investors, such as endowments, foundations and pension groups in February had opposed Trump's plan to close the lucrative tax workaround.
