💼Even though Nifty has corrected 10.4% from the peak there are no signs of a sustained recovery in the market.
💼Relentless FII selling, earnings downgrades for majority of stocks for FY25, and the consequences of the Trump trade are weighing on the market.
💼Sentiments have turned negative and, therefore, investors should exercise caution at this stage and wait for clarity on the direction of the market.
💼With the dollar index strong at 106.6 and the 10-year US bond yield at 4.44% there is no room for a quick reversal of FII flows.
💼Investors can focus on areas of strength like digital companies and high quality banking stocks.
💼Largecaps like RIL and Eicher are showing resilience.
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Posted on : 18 Nov 2024 10:34 AM
