Geojit Financial Services Ltd

💼This Diwali is unlikely to see fireworks in the market. 💼India has been underperforming in October with Nifty down 5.7% when markets in US and Japan have delivered positive returns and China and Hong Kong have hugely outperformed. 💼India’s underperformance is driven by lofty valuations, relentless FII selling and concerns over slowing earnings growth. 💼In the near-term, this scenario is unlikely to change, reversing the trend decisively, even though mild pullbacks are possible. 💼A significant trend in the market is the strong stock-specific action. 💼Better-than-expected results are responded with sharp moves up to 20% a day while worse-than-expected results are met with around 15% correction. 💼This trend of strongly rewarding good results and punishing poor results equally strongly is a reflection of the focus on stock-specific action rather than focus on the benchmark indices and market as a whole. 💼Given the elevated valuations, and the possibility of continuing FII selling, stocks and sectors which have delivered good results and good guidance are likely to remain resilient. Investors should focus on these segments. . . . #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets