Weekly Market Outlook: Domestic Market in Correction Terrain: Nifty, Sensex Down 10% Says Vinod Nair, Head of Research at Geojit Financial Service
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Below the Quote on Weekly Market Outlook by Vinod Nair, Head of Research, Geojit Financial Services
The muted H1FY25 results increased the scope of further downgrades in the FY25 Nifty EPS estimates. We factor a 2 to 3% downward revision in the Nifty EPS estimate for FY25. Amid a setback in H1FY25, investors see some light in H2FY25 earnings on account of acceleration in government spending, a good monsoon, and a revival in rural demand. Consolidation may continue in the near term; however, the beaten-down value stocks may witness bottom fishing due to their potential outlook. Going ahead, the focus will be the developments from the Trump administration and its implications towards the EMs. The policy proposals are likely to add upward pressure on US inflation, which may impact the future Fed rate cut trajectory."
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