Morning Nifty and Derivative Comments 30 December 2024 By Anand James, Geojit Financial Services

30-12-2024 09:35 AM | Source: Geojit Financial Services Ltd.

Morning Nifty and Derivative Comments 30 December 2024 By Anand James, Geojit Financial Services

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Below the Quote on Technical Views by Anand James, Chief Market Strategist, Geojit Financial Services

Nifty outlook:
"As investors leave 2024 behind and look forward to the New Year there will be more concerns than confidence, at least in the early days of 2025. The biggest concern for stock markets, globally, is uncertainty surrounding Trump 2.0. The concern is that since market valuations are high any negative news might cause corrections.

The resilience of the US economy continues to surprise. The lower-than-expected jobless claims have pushed the US 10-year bond yield to 4.62%. This will be a headwind for stock markets globally and particularly for emerging markets where FIIs might continue to sell. Risk-free yield of 4.62% from the safest asset class in the world will continue to lure FIIs to sell in emerging markets like India and move the money to US bonds.
In the recent market correction in India, IT and banking stocks have remained reasonably resilient, primarily due to their fair valuations.

Investors should exercise caution as we move into the uncertainties of the New Year." - Read more

Above views are of the author and not of the website kindly read disclaimer

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Morning Nifty and Derivative Comments 30 December 2024 By Anand James, Geojit Financial Services

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