Geojit Financial Services Ltd

💼 The near-term market construct has turned weak with FIIs turning sellers on rallies. 💼 The trend of FII buying in early December has proved to be, as feared, a flash in the pan. 💼 Yesterday’s massive FII sell figure of Rs 6410 crores in the cash market indicates that more selling is in store on market bounces. 💼 The underlying reason for the FII selling in India is the outperformance of the US market and the underperformance of India. 💼 While the S&P 500 is up 27.5% YTD, Nifty is up only 12% YTD, and the fear is that this huge variation in relative performances may continue, given the strength of the US economy and the weakness in the Indian economy. 💼 The situation will change if leading indicators in India suggest recovery in GDP growth and corporate earnings in Q3. 💼 The focus of global markets today will be the Fed decision expected tonight. 💼 A 25 bp rate cut is priced-in by the market, so the attention will be on the Fed commentary. 💼 A significant trend in the Indian market is the outperformance of the broader market, where good results are getting appreciated by the market and there is no concern of FII selling. . . . #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets