Nifty 50 vs GDP of India: The key benchmark indices of the Indian stock market surged to a new high after India’s Q3 GDP growth saw an impressive growth rate of 8.4% driven by robust manufacturing, highlighting the inherent strength and potential of our economy. However, the domestic equities gotRead 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 →
Indian markets are closed on Tuesday on the occasion of Mahavir Jayanti. Trading will resume tomorrow! Currently, Sensex is above its psychological mark of 59,100, and the Nifty 50 is slightly shy of 17,400 levels. Investors are split between concerns of inflationary pressure after the production cut by OPEC+ andRead More →
In line with bullish market signals on Friday, Indian stocks saw significant gains in the banking and finance sector. The Nifty gained 1.57% and closed at 17,594.35 while the Sensex gained 1.53% and closed at 59,808.97. All the sector indices closed on a positive note, with Nifty PSU Bank beingRead More →
A sharp selloff in banking stocks pushed Indian markets for a weak start of the week. On Monday, both Sensex and Nifty 50 tumbled by over half a percent, erasing key psychological levels. Feeble global cues also played a key role for riding bears in domestic equities, as the focusRead More →
I think the only thing that can be said with some level of certainty is that we must brace for volatility. Just for a moment think about the number of factors to consider today – high inflation, rising interest rates, high CAD and currency depreciation, geopolitical tensions, a global economicRead More →
It was a week of brutal selling in the Indian equity markets amid widespread COVID fear among retail and HNI traders that led to a sharp sell-off in the broader market. FIIs flows have been slowing in the run-up to Christmas, and they are expected to dry up even moreRead More →
