29-12-2023 05:44 PM | Source: Geojit Financial Services Ltd
Market Outlook : The market witnessed mild profit booking on the last trading day of the year by Vinod Nair, Geojit Financial Services
Market Outlook 29 December from Vinod Nair, Head of Research at Geojit Financial Services
"The market witnessed mild profit booking on the last trading day of the year. While the euphoria is expected to continue during the start of the next year on account of the exuberance of rate cuts and the drop in bond yields. Oil prices, on the other hand, fell by 10% during the year, which could ease inflationary pressure and support the operating performance of the corporates. We feel that though the outlook on broader indexes is moderate in the short to medium term, the large caps will maintain their vibrancy due to strong earnings growth and in anticipation of the continuation of premium valuation."
Above views are of the author and not of the website kindly read disclaimer
Latest News
Insurance Sector Update : Motor drags down overall g...
Sell Gold Below 72700 SL Above 72950 TGT 72400/72100...
Wipro shares nosedived over 9 pc after missed earnin...
Economic Survey links mental health disorders with '...
India's GDP growth for FY25 to surpass Economic Surv...
Evening Roundup : A Daily Report on Bullion Energy &...
FIIs stood as net buyers in equities as per July 22 ...
Union Budget: Experts urge government to remove 18 ...
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore...
Sensex ends lower ahead of Union Budget 2024-25
Tag News
Sensex ends lower ahead of Union Budget 2024-25
Daily Market Analysis : The markets began the week on a subdued note and ended nearly unchanged, reflecting caution ahead of the Union Budget Says Mr. Ajit Mishra, Religare Broking Ltd
Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
More News
Daily Market Commentary : Domestic equities made a fresh high of 22252 zones on the back of ...
Morning market quote : There are positive developments that can strengthen the rally in the market Says Dr. V K Vijayakumar, Ge...
Daily market commentary : Nifty midcap 100/Nifty smallcap 100 up 1% each says Mr. Siddhartha Khemka, Motilal Oswal Financial Se...
Pre-Market Comment by Deven Mehata , Research Analyst, Choice Broking