The domestic equity market fell steadily everyday during the week in spite of positive global cues.
The breadth on Indian bourses has been negative since the last few months.
The Fed’s decision had a cascading effect on the Indian indices.
Retail players have surprised everyone by delivering double-digit growth.
The market is unlikely to move higher till at least the first week of February.
Investors are advised to be on the sidelines and book profits at higher levels.
Quarterly results for Q3, which will start coming out from the next week, are likely to be moderate.
Government’s populist measures are on the rise and are still in a nascent stage.
Their new loan growth will be impacted, which will cap upside growth from current levels.
Post the rollercoaster ride, Indian bourses strengthened midway through the week.
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