- Branches near me
- West Bengal
- Siliguri
- Pratap Market
Geojit Financial Services Ltd
- Karnataka Bank Building, 2nd Mile, Sevoke Road
Pratap Market
Siliguri - 734001 -
- Closed for the day
- Sun Closed
- 2nd and 4th Saturday - Holiday
- Closed for the day
- Call Directions
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๐ผ This bull market is remaining resilient despite headwinds and is slowly gathering momentum despite high valuations. ๐ผ A significant feature of the ongoing bull run is that the FIIs are consistently being outsmarted by the DIIs and retail investors. ๐ผ Every time the US bond yields go up, particularly when the 10-year yield rises above 4.5%, the FIIs have been selling. ๐ผ But the DII plus retail buying has been completely overwhelming the FII selling, forcing the FIIs to buy the same stocks they sold earlier at higher prices later. ๐ผ Also, the short covering by FIIs have contributed substantially to the recent surge in the market. Despite the big FII selling this month, Nifty is up by 700 points from the April 18th lows. ๐ผ The takeaway from this trend is that the bulls are calling the shots in this market and, therefore, every dip will be bought. ๐ผ A significant development in the market yesterday was the huge delivery volume in the banking stocks like ICICI, HDFC, Axis, SBI and Kotak. ๐ผ This segment will remain resilient and may appreciate further. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate
๐ผ The major negative in the market continues to be the sustained selling by FIIs, triggered by the high bond yields in US. ๐ผ This selling by FIIs, in both equity and debt, will continue to weigh on markets so long as the US bond yields remain high, which, in turn, will be decided by the US inflation numbers. ๐ผ The latest US core PCE inflation numbers came in on expected lines with 2.8 % YoY growth. ๐ผ Consequently the bond yields have marginally drifted down and the US equity markets surged last Friday. ๐ผ FII selling will continue, but is likely to be lower than in recent days. ๐ผ ICICI bank results are very good. Impressive growth in deposit and credit and decline in NPAs augur well for the stock. ๐ผ HCL Techโs low guidance of 3 to 5% revenue growth in FY25 will weigh on the stock. ๐ผ Pharma and auto sectors will continue to remain resilient. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate
๐ผ The marketโs resilience is evident in the 5th straight day of up move supported by massive DII buying of Rs 6167 crores yesterday, completely overwhelming the sustained FII selling. ๐ผ This massive DII buying has forced short covering which is evident from the sharp decline in the short position from 1.24 lakh to 53500 in one day. ๐ผ With the US 10-year bond yield rising above 4.7%, FIIs will continue to sell. ๐ผ Buy on dips strategy has worked well in this bull market and investors can continue to use this strategy. ๐ผ Data from US reflects weakening of the US economy. ๐ผ Q1 GDP growth has come lower than expected at 1.6% but the Fed is unlikely to cut rates in the next couple of meetings since inflation continues to remain hot. ๐ผ The core PCE has jumped to 3.7% against expectation of 3.4% leaving the Fed in no position to cut rates in the near future. ๐ผ Pharma has emerged as a sought after sector in recent days. This is a sector to watch. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate
๐ผ The overarching trend of this market is its bullishness despite negative triggers. ๐ผ The rising bond yields in US ( the 10-yr continues above 4.6%) and geopolitical tensions are not impacting the market at all. ๐ผ During the last seven days FIIs sold equity worth a massive Rs 25853 crores. But the DII buying overwhelmed this FII selling and the market continued its upward momentum. ๐ผ There are reports of Israel striking some sites linked to Hezbollah, but these will be ignored by the market unless it causes serious rector tensions. ๐ผ The Q4 results of Axis Bank are better-than- expectations and, therefore, the market will respond to that. ๐ผ The valuation of Axis is attractive. The regulatory restrictions on Kotak Bank will weigh on the stock. ๐ผ Since the VIX is at low levels, market will not witness any serious corrections. In the near-term, consolidation is likely. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate
๐ผ The ability of bull markets to climb all walls of worries is being demonstrated by the ongoing bull market, which has shrugged off all headwinds, be it geopolitical or economic. ๐ผ The Middle East tensions had only temporary impact on the market. ๐ผ The scaling down of rate cuts by the Fed from six at the beginning of this year to three or perhaps two or even lower also has not impacted the bull run. ๐ผ And, the indication from the sharp decline in the volatility index VIX by around 20% to 10.2 is that the downside risk to the market is low. ๐ผ So it makes sense to remain invested in this market and to continue investing by buying the dips. ๐ผ Since the US 10-year bond yield continues to remain above 4.6% FIIs will remain sellers putting pressure on large Caps like leading private sector banks. For long-term investors, this segment is a buying opportunity. . . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate
๐ผ The undercurrent of bullishness of this market has been reinforced by the market action during the last two trading days which saw Nifty spiking by 486 points from Fridayโs lows. ๐ผ External factors like the high bond yields in US ( the 10-year continues above 4.6%) and geopolitical concerns in the Middle East are not impacting the underlying bullish trend. ๐ผ FPI selling triggered by high US bond yields is neutralised by aggressive DII buying, putting the FPIs on the back foot. ๐ผ In the mother market US also the market is strong despite continuous downgrades in expectations of rate cuts. ๐ผ The US economy has surprised by evolving from fears of hard landing to hopes of soft landing to the new reality of no landing. ๐ผ The market expectations of six rate cuts at the beginning of this year has sharply declined to two rate cuts now, and the market has taken this in its stride. ๐ผ The only concern in the market now is the high valuations particularly in the broader market. Investors may stick to the safety of fairly valued largecaps. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate
๐ผ The biggest positive for the market in the near-term is that the feared escalation in the Israel-Iran tension is unlikely to happen. ๐ผ Israel didnโt officially confirm its strike in Iran and Iran downplayed the Israeli strike by ignoring it. The takeaway is that both sides donโt want an escalation of tensions. ๐ผ Decline in Brent crude from $90 to $87 is a confirmation of this expected deescalation. ๐ผHowever the market is likely to be weighed by the high US bond yields ( the 10-year yield has spiked to 4.65%) which can trigger further selling by FIIs. ๐ผ Since largecaps constitute the lionโs share of the AUM of FIIs, the pressure will be on largecaps despite their relatively fair valuations. ๐ผ FII selling will provide opportunities to investors to slowly accumulate high quality largecaps like HDFC Bank which has reported good Q4 results with improving margins. ๐ผ The Q4 results of autos, capital goods and cement companies will be good and the market can be expected to respond positively to the numbers. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate
๐ผ Reports of the feared escalation of the Iran-Israel tensions have spooked the markets. ๐ผ Distinct weakness in Asian markets and sharp cuts in US futures reflect heightened nervousness in equity markets. ๐ผ There are headwinds from the bond markets, too. The sharp spike in US bond yields have triggered big FII selling which touched Rs 4260 crores yesterday. ๐ผ More FII selling can be expected in the near-term putting pressure on largecaps. Investors may wait for clarity to emerge on the geopolitical front. Uncertainty is very high. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate
๐ผ The Iran-Israel tension in West Asia continues to weigh on stock markets globally. ๐ผ Until this uncertainty is out of the way, markets are unlikely to take a strong directional up move. ๐ผ The hope is that the feared Israeli response will not lead to an escalated regional conflict. This is reflected in the 3% drop in crude price during the last two trading sessions. ๐ผ Meanwhile the market is coming to terms with โhigher-for-longer interest rateโ in the US since inflation continues to be sticky at lower levels. ๐ผ It seems that the market is reconciled to 2 rate cuts this year, that too backloaded. ๐ผ Since the US 10-year bond yield is hovering around 4.57%, more FII selling is likely, putting pressure on large-caps. ๐ผ This will provide opportunities to investors to slowly accumulate high quality largecaps where the margin of safety is high. ๐ผ In the near-term, however, heightened activity is likely in mid and smallcaps, particularly in stocks where floating stocks are low. This is a risky area. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate