💼Global and domestic cues favour continuation of the ongoing rally in the market despite high valuations.
💼FIIs turning buyers, strong DII inflows, exuberant retail investors and thriving IPO market supported by strong economic fundamentals can sustain the rally in the short run ignoring the high valuations.
💼The overarching message from the RBI on Wednesday was that 7percent GDP growth for FY 24 is a conservative estimate.
💼This is an indication of the growth momentum in the economy.
💼A significant trend in the market is the outperformance of the Bank Nifty over the Nifty.
💼Last week while while Nifty appreciated by 3.5 percent, Bank Nifty shot up by 5.5 percent.
💼This outperformance is likely to continue, given the fair valuations of banking stocks, particularly the leading names.
💼For the overall market safety is now in large caps.
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#StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets
#MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate
Posted On: 11 Dec 2023 9:13 AM
