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Pratap Market
Siliguri - 734001 -
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💼The big Fed rate cut by 50 bp has the potential to take equity markets into a consolidation phase with an upward bias. 💼The Fed chief Powell’s remark that “ we have gained greater confidence that inflation is moving sustainably towards 2%” is a very optimistic commentary of the US economy. 💼At the same time US growth continues to be solid and labour market is good. 💼More rate cuts are expected from the Fed, going forward. The rate projections are 4.4% by end 2024 and 3.4% for end 2025. 💼These will be big declines from the present 4.75 to 5% rate. 💼The rate cuts by the Fed will pave the way for rate cuts in India, too. CPI inflation coming below the RBI’s target of 4% during the last 2 months will facilitate rate cuts . 💼Two rate cuts of 25bp each are possible in India before March 2025. 💼In brief the market scenario is turning favourable for rate-sensitives, particularly banking. . . . #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
💼The significance of the Fed rate decision expected tonight is evident from the wait and watch market mood across the globe yesterday. 💼Perhaps more important than the Fed action would be the Fed commentary and the message. 💼An ideal and possible outcome would be a 25 bp rate cut with a dovish message indicating a series of rate cuts. 💼Good retail sales data along with weakening labor market point to such a possibility. 💼India’s August trade data indicate stagnant exports and rising imports. The consequent rising trade deficit can weaken the INR, if the trend persists. 💼This means exporters like IT will benefit. Pharma, chemicals and textile exporters too will benefit. 💼The time is favourable for reducing the exposure to mid and small caps and increasing the exposure to largecaps. 💼This strategy will play out well in the medium to long run. . . . #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
Geojit’s Head Investment Strategist, Gaurang Shah speaks on the current market conditions and shares his weekly market outlook. He also shares two long-term investment ideas. Watch the video for more information. To trade online - https://selfie.geojit.net/To read our Insightful Articles - https://blog.geojit.com/Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Past performance does not guarantee future returns. We do not offer any product which gives guaranteed returns. The information is only for consumption by the client and such material should not be redistributed. #stockmarket #longterminvestment #marketanalysis #stockmarket #longterminvestment #marketanalysis
💼Globally equity markets were flat yesterday signalling a wait and watch mood in anticipation of the Fed rate action tomorrow. 💼The Fed rate action will depend on the incoming data and evolving outlook and, therefore, what the Fed chief Powell says will be crucial. 💼Rate cuts are positive for markets and higher rate cuts are more positive. 💼But if the incoming data signals a sharply slowing economy and the Fed cuts by 50bp the market is unlikely to treat it as positive. 💼It is possible that the market may take it as a signal of the US economy tipping into recession and, therefore, the response need not be positive. 💼Banking stocks have been exhibiting strength recently and there are signs of accumulation in these attractively valued segment. 💼The finance minister’s remark in a recent interview cautioning investors about the dangers of excessive speculation has come at the right time. . . . #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
💼 Globally equity markets will be focused on the Fed rate action on Wednesday which is likely to influence the stock market trend in the near-term. 💼 The first rate cut by the Fed in four years is a foregone conclusion, the only uncertainty is about the extent of the rate cut, that is, whether the cut will be 25 bp or 50 bp. 💼 The market will also be keenly watching the Fed commentary on the evolving economic outlook. 💼 Nifty which has rallied 16.7% YTD is one of the best performing stock indices in the world. 💼 Even though India’s economic fundamentals and corporate earnings are strong, the single most important factor driving the Indian market now is the sustained domestic liquidity flows into the market. 💼 The resilience of the Indian market despite elevated valuations has forced FIIs to turn buyers in the cash market, where they bought on all days last week. 💼 Since the undertone of the market continues to be bullish, it makes sense to remain invested. 💼 Among sectors, IT and pharma are showing strength. #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
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💼Yesterday’s sharp up move which saw the Nifty spurt by 1.9% was a purely technical move triggered by short covering on the expiry day. 💼It is important to understand that the 400-point rally in the Nifty happened after 2pm. 💼Call writers trapped by the unexpected up move resorted to frenzied covering, pushing up prices sharply. 💼Since the bears were badly mauled, the market is in bull grip now. The situation can change in a few days. 💼A significant trend in the market is FIIs turning buyers for the fourth day in succession with yesterday’s buying figure at an impressive Rs 7695 crores. 💼DIIs who bought when FIIs sold are now selling back to FIIs at a higher price the same shares which they sold earlier. 💼In the tug-of-war between FIIs and DIIs which has been happening over the last more than two years. DIIs have been winning consistently. 💼Fundamentally strong largecaps like Bharti Airtel, HDFC Bank, ICICI Bank, ITC, HCL Tech, Infosys and TCS have the potential to take the market forward. 💼But higher levels can attract selling by DIIs and profit booking by individual investors. . . . #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
💼Latest US inflation numbers are mildly positive for markets. 💼August CPI inflation coming at 0.2% has brought down the 12-month inflation to 2.5% from 2.9% earlier. 💼This paves the way for a rate cut by the Fed in September. But since core inflation continues to remain high at 3.2% the Fed is likely to be cautious and refrain from a 50bp rate cut, finally settling for a 25bp rate cut. 💼CPI inflation in India also is expected to be low at around 3.5% in August. This can facilitate a rate cut by the MPC in 2024 itself. 💼In brief, the benign inflation conditions and prospects for rate cuts are positives for stock markets. 💼FIIs turning buyers in the cash market during the last three days is another indication that the market will continue to be resilient. 💼The record Rs 3.23 lakh crore application money from 89 lakh investors for Bajaj Housing Finance IPO is a reflection of the humongous liquidity chasing stocks in the Indian market now. 💼The bullish undercurrent of the market will continue. . . . #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
💼A significant trend in the global commodity markets now is the sharp decline in the crude price and softening of base metal prices. 💼This has implications for stock markets. The sharp dip in Brent crude to below $ 70 signals weakening demand globally, which in turn, indicates weakening growth prospects for the global economy. 💼Therefore, rate cuts by the leading central banks of the world is now a foregone conclusion. 💼The Fed will kick off its rate cutting cycle this month. In India,too, we can expect two rate cuts by the MPC in FY25. 💼Banking stocks, which are attractively valued, are good buys now for medium to long-term investors. 💼The investor preference of defensives like Pharma and FMCG is likely to continue. 💼Industries using crude and crude derived inputs as raw material, like paints, adhesives, tyres and aviation will be on strong wicket. . . . #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets