💼Dow reaching yet another record high and the resilience of the US economy coupled with impressive corporate earnings indicate the continuation of this bull rally in the mother market US.
💼With the Fed expected to continue the rate cut with another 25bp cut in the next policy meet, S&P 500 has the potential to move past the 6000 level bringing cheer to other equity markets.
💼In India the consolidation around Nifty 25000 level is likely to be extended with bouts of FII selling and DII buying.
💼The reemergence of outperformance of smallcaps driven by liquidity is again becoming a cause of concern.
💼Coming days will witness lots of stock-specific action in response to Q2 results.
💼Expect positive response to results of financials. IT stocks can be bought on dips.
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Posted on : 17 Oct 2024 9:43 AM
