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- Siliguri
- Pratap Market
Geojit Financial Services Ltd
- Karnataka Bank Building, 2nd Mile, Sevoke Road
Pratap Market
Siliguri - 734001 -
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- Sun Closed
- 2nd and 4th Saturday - Holiday
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💼The focus of market activity today will be HDFC Bank which will continue its upward move factoring in the news of potentially increasing the weightage of the stock in the MSCI Index. 💼The delivery based buying in the stock witnessed in the last many days has the potential to continue for a few more days pushing the stock further up and imparting resilience to it. 💼 As the weightage of HDFC Bank in Nifty increases there will be more delivery based buying by ETFs and also active funds. 💼There can be a marginal negative impact on other high weightage stocks in the Nifty like RIL, TCS, Infosys and ICICI Bank. 💼The latest Fedspeak on US inflation is also positive news for equity markets globally. 💼Responding to the inflation print of 2.6% with zero month- on-month increase, Fed chief Powell yesterday made a dovish remark that US is on disinflationary path. 💼The Fed’s next rate action is likely to be a rate cut. 💼RBI also is likely to follow suit with a rate cut in the next policy meeting. #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
💼Nifty has delivered 10.4% returns in the first half of 2024 on top of the 20% returns in 2023. These are impressive returns. 💼An important feature of this bull market which began after the COVID crash of March 2020 (Nifty at 7511) is that it has been devoid of any significant correction. 💼The only above 5% correction in the Nifty was on June 4th, in response to the election results. 💼But this was followed the very next day by a sharp recovery. 💼This one-way move in the market can be attributed to the successful ‘buy on dips’ strategy being followed by the domestic investors - both institutional and retail. 💼There is sustained flow of money into the market through mutual funds, particularly through SIPs. 💼So long as this market construct holds steady, the market will remain resilient. 💼 It is worth repeating that some stocks in the broader market have bubble valuations and, therefore, they are vulnerable to sharp correction. 💼The up move in the U.S. 10-year bond yield to 4.45% will invite selling by FIIs. But the domestic investors will be more than happy to absorb this. #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
💼Despite high valuations the market is likely to remain resilient. 💼The healthy trend in the recent rally, which has pushed Nifty by 6.5% in June, is that it is being led by fundamentally strong largecaps like RIL, leading private sector banks and Bharti Airtel. 💼The high delivery based buying in largecaps is a strong trend that will impart resilience to the market. 💼The June auto numbers are likely to be tepid and, therefore, this segment will not witness much market action in the coming days. 💼The Q1 results of financials can turn out to be better than expected and this can sustain the rally in this segment. 💼IT numbers will be tepid but the market response will depend on the management commentary. 💼It is important to appreciate that the global support to the rally continues with the outperformance of the US market where the S&P 500 is up 14.4% YTD compared to 10.4% for the Nifty. 💼The US core CPE for May coming at 2.6% is good news for the bulls since it increases the possibility of rate cuts by the Fed this year. . . . #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
💼The market momentum has the potential to take the Sensex to 80000 level. 💼The healthy trend in the recent rally is that it is driven by fundamentally strong largecaps like RIl, Bharti and the leading private sector banks. 💼 However, corrections can happen any time since the market is in the overbought zone and DIIs are booking profits. 💼It is interesting to note that in the tug-of-war between the FIIs and DIIs, the latter has emerged victorious whenever this happened during the last 3 years. 💼The elevated valuations in the market continue to be a concern. 💼But the market is not yet in bubble valuation territory. 💼The weak trend in the broader market is likely to continue. 💼Investors can consider booking partial profits in the mid and smallcaps and move the money to fixed income. #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
💼The market will remain bullish in the near-term despite the valuation concerns, and the ongoing momentum has the potential to take the Sensex to 80000 levels. 💼A healthy trend in the market is that now the up move is being led by fundamentally strong largecaps in sectors like banking and telecom. 💼With RIL, which had not participated in the rally till yesterday joining the bull bandwagon, the rally has the strength to continue. 💼But the rise in U.S. bond yield might perhaps trigger some large FII selling in the coming days putting breaks on the rally. 💼So long as the massive domestic liquidity support to the market continues there are no potential triggers that can cause a sharp correction in the market. 💼PSU banks look attractive from the valuation perspective, and therefore, they have the potential to react positively to good Q1 results. . . . #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
💼A constant refrain during the last few months from many experienced investment experts has been that financials, particularly largecap private banks, offer value buying opportunities. 💼 The expected breakout in some of these bluechips has happened during the last several days. 💼These stocks are likely to remain resilient since their FY25 Q1 numbers will be very good. 💼The 16% credit growth in the economy and improving asset quality of these stocks augur well for them. 💼Slight pressure on margins due to slow deposit growth and higher costs of deposits are unlikely to impact the bottom line significantly. 💼From the valuation perspective, PSU banks now provide buying opportunities. 💼Q1 results of financials, oil and gas, capital goods, automobiles, select pharma and telecom will be good. 💼FMCG and IT will post subdued numbers as expected. 💼There are green shoots in IT and, therefore, it presents a contra buying opportunity for long-term investors. . . . #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets
💼The sharp bounce back in Nifty by 7.5% from the June 4 lows indicates that the undercurrent of this market is bullish. 💼High valuations may prompt selling by FIIs and profit booking by DIIs but the exuberant retail investors are likely to buy every dip since the ‘buy on dip strategy’ has worked very well in this bull market. 💼A positive news from the market perspective is the current account turning surplus in Q4 FY24. 💼This will take away the pressure on the rupee and pave the way for FII inflows when clarity emerges on the Fed rate cuts. 💼The churn in the market in favour of fairly valued largecaps, particularly in banking, is likely to continue. 💼From valuation perspective, PSU banks look attractive. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate
Geojit One Launched in North Kerala To enable all our branch clients to benefit from the expertise of our Private Wealth division, we have launched Geojit One in North Kerala. Geojit One is a bespoke offering, tailored to meet the sophisticated needs of mass affluent, HNI, UHNIs, SME Promoters, Corporates among others who are looking to expand and optimize their financial portfolios. Stay tuned for more updates and insights on how Geojit One can help you achieve your financial goals. #MarketUpdate #StockMarketindia #Sensex #Nifty #Market #StockMarket #ShareMarket #Earnings #Investors #Stocks #Investment #Inflation #Trading #ElectionResults #StockTrading #GeojitFinancial #GeojitOne #MarketUpdate #StockMarketindia #Sensex #Nifty #Market #StockMarket #ShareMarket #Earnings #Investors #Stocks #Investment #Inflation #Trading #ElectionResults #StockTrading #GeojitFinancial #GeojitOne
💼The consolidation phase in the market is likely to continue. 💼The near-term strength in the market is likely to come from Bank Nifty assisted by institutional buying notably from FIIs who have turned buyers last week. 💼However, SEBI investigation in the Quant Mutual Fund is a slight sentiment negative for the market. 💼The sectoral churn happening in the market might accelerate since profit booking is happening in some overvalued sectors and money is flowing into fairly valued largecaps. 💼There is a likelihood of the rupee turning stable with a positive upward bias in the near term on expectations of big debt inflows after the inclusion of India in the Global Bond EM Index later this month. 💼This can act as a trigger for more FII inflows into equity, going forward. #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets