During FY24, stocks such as Tata Motors, Bajaj Auto, Adani Ports, Coal India, and Hero Motocorp witnessed extraordinary growth, with each of them vaulting over 100 per cent. Surprisingly, out of all Nifty 50 stocks, only two – Hindustan Unilever and HDFC Bank – concluded the fiscal year in theRead More →
In the Nifty500 index, 120 stocks have given multibagger returns in FY24, which means at least 100 percent gains. Meanwhile, just 51 stocks (10 percent) from the index were in the red in the current financial year. Top Gainers BSE was the top gainer in the Nifty500 index, soaring 521Read More →
The timing and magnitude of potential rate cuts by the Fed remain uncertain, leaving questions about whether they will be modest or significant. Nevertheless, the indication that rate cuts are forthcoming still serves as a positive factor for the market, providing some clarity amidst the uncertainty. A big event isRead More →
Market sentiment is buoyant due to strong domestic macroeconomic indicators and increasing optimism regarding potential interest rate cuts by the Federal Reserve in the near future. Nevertheless, experts warn that the market has discounted most positives and a correction could be imminent due to the lack of fresh triggers. “TheRead More →
According to analysts, Nifty 50 stuck to rebound gains as the bulls regrouped at session lows indicating ‘lack of bearish conviction’. However, a review of Nifty 50’s advances over time reveals that they were mostly directionless due to a cautious outlook and weak global clues. Amidst the debate between hawks andRead More →
Positive global cues led to widespread buying in the domestic market, and analysts noted that the pro-growth Interim Budget also encouraged investors to buy quality stocks following the recent correction. The Nifty 50 ended 156.35 points, or 0.72%, higher at 21,853.80, and the Sensex ended 440.33 points, or 0.61%, higher atRead More →
In a recent note, brokerage house IIFL Securities forecasted that it expects 1) Indian GDP growth sustaining at 6%+, 2) globally declining inflation and yields, but 3) weakening global growth thanks to monetary tightening over the last 2 years causing commodities price softness. While monetary easing normally suggests commodities buoyancy,Read More →
What is your assessment of the market performance in 2023? Market performance was good in 2023 because the economic outlook has turned positive. Macro factors are stable and at the micro level, critical industries are starting to show a pick-up. On the macro front, the current account deficit has remainedRead More →
Our outlook for CY24 is optimistic, and we forecast a 10-12% return for the Nifty50, the main index. Our initial target for December 2024 is set at 23,600, with a peak of 25,000 and a trough of 18,650. This base target is derived from a 1-year forward P/E of 19x,Read More →
In 2023, the Nifty marked its eighth consecutive year of positive performance, showcasing its resilience in the face of challenges. Despite experiencing major headwinds like global monetary tightening, particularly US Fed rate hikes, the Indian economy and market demonstrated remarkable resilience in 2023. The year commenced with elevated inflation, geopoliticalRead More →
