Great links, images, and reading from Chartbook Newsletter by Adam Tooze

Stocks listed on BSE's main board will be assessed for index eligibility from FTSE's March 2027 review.

GIFT Nifty futures indicate a favourable start for the benchmark Indian equity indices in the first trading session of the week

The Sensex and Nifty closed higher on Monday, driven by a 3% rally in the realty sector. Nifty Realty outperformed while market experts remain cautious ahead of the RBI policy review.

Investing.com -- UBS said in a note Tuesday that commodity trading advisers (CTAs) are “more or less done buying equity indices,” even as its momentum algorithm signals further appetite for single stocks across most regions and sectors. In its latest Quantamental Signal Ideas report, UBS noted that its highest-scoring stocks are concentrated in Utilities, Transportation, Banks and Communication Services, while Consumer Durables, Semiconductors, Commercial Services and Materials dominate the lowest scorers. The firm stressed that “these recommendations can differ from the fundamental views of our equity strategy team.” UBS highlighted that Financials “continue to be over-owned,” Real Estate is “under-owned,” and positioning in Utilities “has eased up.” Communication Services and Materials “still look healthy” in terms of positioning, with no signs of crowding, according to UBS. The bank said that dispersion in earnings expectations remains wide across sectors, with Q2 results prompting downgrades for Health Care and, to a lesser extent, Consumer Discretionary. It also flagged a rise in the probability of a macroeconomic slowdown, estimating that risk has increased from 15% to 21% based on global PMI data. UBS described its regime model as undergoing “a major rotation,” taking profits on cyclical trades in favour of defensives. “While it is adding risk overall, it is lessening its risk-on stance by increasing exposure to defensive sectors — Health Care and Utilities — and slowly reducing exposure to cyclicals — Financials and Consumer Discretionary,” the note said. Regionally, Japan has overtaken China as the most favoured equity market, while Europe “keeps being downgraded” in UBS’s framework. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.