💼The sustained rally in the US markets which have taken the Dow and S&P 500 above 40000 and 6000 respectively is no longer a tailwind for Indian markets.
💼Expectations that tax cuts promised by Trump and his pro-business policies will boost corporate earnings in US are driving the rally.
💼In India, in contrast, worse-than-expected earnings downgrades for FY25 are weighing on stock prices favouring the bears in the near-term.
💼FIIs may continue to sell and move money to US which has outperformed India so far this year.
💼However, at some point valuations in India will become attractive and this will aid trend reversal favouring the bulls for a short while.
💼The weakness in Chinese stocks consequent to the disappointing stimulus package will turn out to be positive for Indian stocks.
💼Investors should focus in segments where growth is strong like banking, telecom and new gen digital companies.
💼The positive US scenario will be good for IT companies, too.
.
.
.
#StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
Posted on : 11 Nov 2024 10:53 AM
