💼Weak global cues and the consequent weak openings have proved to be opportunities to buy in the domestic market.
💼This pattern may persist. A significant feature of the near-term market trend is that it is resilient and steadily moving up without sharp spurts thereby preventing a spike in valuations in the largecap category.
💼The recent accumulation of IT stocks stems from the confidence that the soft landing scenario in the US economy will lead to execution of the orders on which the IT companies have been sitting for some time now.
💼SEBI’s advisory to investors to be vigilant in investment in SME stocks is timely. Investors should heed the warning from the regulator that many SMEs are “projecting an unrealistic picture of their operations.”
💼The largecap segment is safe without euphoria. But the SME segment is certainly in risky euphoric territory.
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Posted on : 29 Aug 2024 10:32 AM