Geojit Financial Services Ltd

💼Market is likely to remain volatile in the near-term alternating between FII selling and DII buying. 💼Attractive valuations in other markets, particularly in Chinese stocks, will facilitate further selling by FIIs in India since Indian valuations are elevated. 💼Concerns of earnings downgrades in H2 FY 25 render Indian valuations difficult to sustain. 💼However, the sustained flows into the domestic mutual funds, where monthly SIPs have set a new record of Rs 24500 in September, will ensure that all FII selling will be easily absorbed by DII buying. This has been the trend in October so far. 💼A healthy trend in the market is the leading private sector banks getting accumulated and showing resilience even in a weak market. 💼This is the most attractively valued segment in this market where there is no valuation comfort. 💼Lot of stock-specific action can be expected in the coming days in response to Q2 results. Banking and IT are likely to post reasonably good results. . . . #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets