Geojit Financial Services Ltd

💼The main force behind the ongoing global rally in stocks has been the steadily climbing US market. 💼The fact that S&P 500 made 46 new highs this year indicates the strength of this bull market led by the US. 💼The rally has the fundamental support of a strong US economy and decent corporate earnings growth. 💼Even though the Middle East geopolitics has been a dampener, it didn’t spike crude prices and, therefore, there is no threat to inflation which remains under control allowing the Fed to cut rates. 💼The consensus now is the soft landing scenario for the US economy and, this is the strong support to this bull market. 💼In India the main driver of the bull run has been the sustained domestic flows into the market which has been absorbing all the selling by FIIs. 💼The domestic flows will continue to support the market but elevated valuations will put a cap on the upside. 💼Nifty is likely to consolidate around 25000 level. Q2 earnings will be weak except in IT, banking and pockets of autos. . . . #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets