Concerns have emerged amid better-than-expected US employment manufacturing data recently, indicating a possible shift in expectations regarding cutbacks this year. Furthermore, supply concerns as well as rising geopolitical tensions in the Middle East have pushed crude oil prices upward, impacting overall market sentiment. In the near term, he said, attention will turn to fourth-quarter earnings, which begin later this week.
Indian markets have crossed all-time highs due to good earnings growth, a strong economy as well as continued optimism about total inflows, which reached $5 billion for FY2014, of which about 2% There are billions of dollars per month in domestic SIPs, says Rakesh Parekh, MD & Co. -Head, Portfolio Management Services, J Financial.
Parekh said, “We remain extremely positive on the continued outlook for India’s economy and markets, and expect this momentum to continue with even greater strength throughout the remainder of 2024, especially with the anticipated return of the current government in June.” After."
Rupak Dey, senior technical analyst at LKP Securities, said the Nifty opened higher but struggled to withstand the selling pressure at higher levels. On the hourly charts, the RSI indicates a bearish divergence, indicating a possible change in price momentum.
Indian markets have crossed all-time highs due to good earnings growth, a strong economy as well as continued optimism about total inflows, which reached $5 billion for FY2014, of which about 2% There are billions of dollars per month in domestic SIPs, says Rakesh Parekh, MD & Co. -Head, Portfolio Management Services, J Financial.
Parekh said, “We remain extremely positive on the continued outlook for India’s economy and markets, and expect this momentum to continue with even greater strength throughout the remainder of 2024, especially with the anticipated return of the current government in June.” After."
Rupak Dey, senior technical analyst at LKP Securities, said the Nifty opened higher but struggled to withstand the selling pressure at higher levels. On the hourly charts, the RSI indicates a bearish divergence, indicating a possible change in price momentum.
