Perspective on markets By Mr. Jaykrishna Gandhi, Emkay Global Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below Perspective On Markets By Mr. Jaykrishna Gandhi, Head - Business Development, Institutional Equities, Emkay Global Financial Services
“A truncated week in India with Ram Mandir “Pran Pratishtha” Ceremony on Monday and Republic day celebrations on the 26th , however not short of noteworthy events .Zee- Sony merger saga ending with a negative outcome ( Zee down 30% +), the banking sector weakness continuing with mixed number being reported by the large private sector banks ( HDFC Bank / Axis Continue the downtrend) .
The Election commission has announced the tentative date of Lok Sabha Polls , which will be tentatively held on April 16th.In terms of the global events there was a standout speech by Gita Gopinath of IMF to not be much optimistic of aggressive rate cuts by the FED in 2024 , at the time when consumer inflation in the US remains to be much higher than the FED target of 2% . FII continued to be sellers in the market this week . We expect the domestic and FPI volumes to remain tepid during truncated week , as most long only investors to stay defensive and wait for clear trading trends to emerge in the last week of January . The coming week will also be event heavy with multiple results and the interim budget on Thursday 1st Feb.
Above views are of the author and not of the website kindly read disclaimer
