Geojit Financial Services Ltd

💼Going into the Q2 results season, the market has been expecting good numbers from IT and banking. 💼HCL Tech’s good results confirm the optimistic expectations and the banking results, particularly from the leading private banks, also are likely to be good. 💼Unlike IT stocks where there is only limited valuation comfort, the banking stocks offer decent valuation comfort and, therefore, have the potential to move up from the present levels. 💼The sharp cut in Brent crude by 3% is a macro positive for India, but CPI inflation for September coming worse than expected at 5.49% is a concern and the MPC will be forced to take this seriously and postpone the rate cut to 2025. 💼Even though FIIs continue to sell, the intensity of their selling has come down reducing the pressure on largecaps. . . . #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets