💼 So far in January, FIIs have sold equity worth Rs 10,419 crores.
💼 With the dollar index at 109 and the 10-year bond yield at 4.67%, FIIs are likely to continue their selling strategy, putting pressure on the market in the near term.
💼 With the Q3 results season starting today, there will be market reactions to results.
💼 The results of TCS will provide an indication of what is in store for the IT sector.
💼 The strength of the U.S. economy and the depreciation of the rupee will be tailwinds for the IT sector.
💼 Premium segments like hotels, jewellery, automobiles catering to the premium market, and airlines are likely to report good numbers.
💼 Expectations from President Trump’s policy decisions and the Indian Union Budget proposals will keep the market volatile in the coming days.
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Posted on : 09 Jan 2025 9:38 AM