Top News Podcast: Nomura downgrades Indian equities; Invesco can't hold Zee EGM; IT firms on hiring spree and more

Episode 136,   Oct 26, 2021, 02:14 PM

Nomura, a global financial services group downgraded Indian equities to ‘neutral’ on Tuesday as it believes valuations are too stretched and a lot of positives are already priced in.

In this edition of Top News Podcast, CNBCTV18.com’s Kanishka Sarkar shares what Chetan Seth, Asia-Pacific equity strategist at Nomura said about Indian markets.

She also discusses the latest on Zee and Invesco’s tussle over the shareholder’s call for an extraordinary general meeting (EGM) to remove the media firm’s MD and CEO Punit Goenka.

Meanwhile, Tech Mahindra shares zoomed 7 percent during today’s session and hit a 52-week high a day after the company announced its September quarter earnings.

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