Geojit Financial Services Ltd

💼 The New Year begins on a sombre note for the Indian equity market. 💼 The near-term trend appears weak with the macro construct dominated by weak GDP and earnings growth. 💼 The headwinds from a strong dollar (dollar index at 108.5%) and high U.S. bond yields will impact the market through more FII selling, at least in the early days of 2025. 💼 Even though FII selling is matched by DII buying, in this tug of war, near-term sentiments are on the side of FIIs since valuations continue to be elevated and growth and earnings are yet to show signs of recovery. 💼 A trend reversal may happen if the Q3 corporate results indicate recovery in earnings. However, an across-the-board sharp recovery appears unlikely. 💼 Positive cues can come from a growth-stimulating Budget followed by a rate cut by the MPC in February. 💼 Investors should be cautious and watch for potentially market-moving macro data. . . . #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets