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💼 Global and domestic cues are positive for the markets. 💼 The decline in dollar index to 105.3, correction in the US 10-year bond yield to around 4.5% and Brent crude below $ 84 will further strengthen the bulls. 💼 The strong pillar of support for this market is the strong buying by DIIs facilitated by the sustained flow of funds. This trend is unlikely to change anytime soon. 💼 RBI lifting restrictions on some of Bajaj Finance’s products is highly positive for the stock. 💼 Short covering in the stock has the potential to trigger a surge in the stock. 💼 Bank Nifty has further room to move up. Delivery based buying in this segment is likely to continue. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate

💼 As trading for May begins there are mixed cues for the market, but broadly positives outweigh negatives. 💼 The Fed commentary is cautious:” We are prepared to maintain the current target for the Fed funds rate as long as it is appropriate. We are also prepared to respond to unexpected weakening of the labour market.” 💼 Powell’s remark that “ a rate increase is unlikely.” is regarded by the market as dovish. 💼 Anyway, it is certain that the number of rate cuts this year, if at all that happens, will be far lower than initially expected. This is a headwind for global equity markets. 💼 The domestic cues are strongly positive. The GST collection for April setting a record of Rs 2.1 trillion indicates a booming economy. 💼 India’s GDP is estimated to have grown by 7.6% in FY24 and is expected to continue the growth momentum with above 7% growth in FY25, too. 💼 It appears that the market is discounting India’s growth outperformance. In April while the S&P 500 is down by 4.2%, Nifty is up by 0.7%. This outperformance can continue. 💼 The sharp 5% decline in crude triggered by expectation of ceasefire in East Asia, is negative for ONGC and positive for tyres, paints and adhesives which use petroleum as inputs. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate

💼 This bull market is remaining resilient despite headwinds and is slowly gathering momentum despite high valuations. 💼 A significant feature of the ongoing bull run is that the FIIs are consistently being outsmarted by the DIIs and retail investors. 💼 Every time the US bond yields go up, particularly when the 10-year yield rises above 4.5%, the FIIs have been selling. 💼 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. 💼 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. 💼 The takeaway from this trend is that the bulls are calling the shots in this market and, therefore, every dip will be bought. 💼 A significant development in the market yesterday was the huge delivery volume in the banking stocks like ICICI, HDFC, Axis, SBI and Kotak. 💼 This segment will remain resilient and may appreciate further. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate

💼 The major negative in the market continues to be the sustained selling by FIIs, triggered by the high bond yields in US. 💼 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. 💼 The latest US core PCE inflation numbers came in on expected lines with 2.8 % YoY growth. 💼 Consequently the bond yields have marginally drifted down and the US equity markets surged last Friday. 💼 FII selling will continue, but is likely to be lower than in recent days. 💼 ICICI bank results are very good. Impressive growth in deposit and credit and decline in NPAs augur well for the stock. 💼 HCL Tech’s low guidance of 3 to 5% revenue growth in FY25 will weigh on the stock. 💼 Pharma and auto sectors will continue to remain resilient. . . . #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate #StockMarket #inflation #EconomicOutlook #InvestmentOpportunity #EmergingMarkets #MarketUpdate

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💼 The market’s 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. 💼 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. 💼 With the US 10-year bond yield rising above 4.7%, FIIs will continue to sell. 💼 Buy on dips strategy has worked well in this bull market and investors can continue to use this strategy. 💼 Data from US reflects weakening of the US economy. 💼 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. 💼 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. 💼 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

💼 The overarching trend of this market is its bullishness despite negative triggers. 💼 The rising bond yields in US ( the 10-yr continues above 4.6%) and geopolitical tensions are not impacting the market at all. 💼 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. 💼 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. 💼 The Q4 results of Axis Bank are better-than- expectations and, therefore, the market will respond to that. 💼 The valuation of Axis is attractive. The regulatory restrictions on Kotak Bank will weigh on the stock. 💼 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

💼 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. 💼 The Middle East tensions had only temporary impact on the market. 💼 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. 💼 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. 💼 So it makes sense to remain invested in this market and to continue investing by buying the dips. 💼 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

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