💼 The consolidation phase in the market is likely to continue in the near term. A clear positive for the market is the cessation of relentless selling by the FIIs.
💼 This will give confidence to the retail investors to again start buying aggressively. But there is no room for such high optimism.
💼 Strong dollar is a negative for emerging markets and, therefore, FIIs are unlikely to turn aggressive buyers.
💼 Also, large institutions would prefer to wait and watch for clarity on Trump’s policies and their likely impact on trade and the global economy.
💼 Market action could be stock-specific in response to news flows, like in the case of Adani stocks.
💼 A healthy trend in the market is the fundamentally-driven up move in quality banking stocks.
💼 The resilience in the health care segment can sustain.
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Posted on : 28 Nov 2024 10:34 AM