Geojit Financial Services Ltd

💼A significant feature of this year’s market movements is the big variation across countries and regions. 💼The US is, by far, the best performing market with 26.17% YTD returns in S&P 500. 💼India is now underperforming with only 9.85% YTD returns in Nifty. The Euro Zone index Stoxx 50 has given only 5.14% YTD retuns. 💼The performance of the economy and expectations around earnings growth are the main factors behind this variation in performance. 💼US economy continues to be resilient, India is facing growth concerns and the Euro Zone is very weak. 💼The Trump victory has added an element of high volatility to markets. 💼From the emerging market perspective, the rise in the dollar index and the sharp spike in the US 10-year bond yield to 4.42% are causes of concern. 💼Such high yields in US bonds will facilitate more outflows from emerging markets to US. 💼This will continue to be a headwind for India. Investors should be cautious in investing in sectors like cement, metals and petroleum refining which are facing growth slowdown. 💼Safety is sectors like banking, new age digital companies, hotels, pharma and IT where growth prospects are good. . . . #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets