Red flags going up on excessive valuations of small cap stocks
There are indications of exhaustion in the market rally, particularly in the broader market, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
There are indications of exhaustion in the market rally, particularly in the broader market, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
At close, the Sensex was down 523 points or 0.73 per cent at 71,072.49, and the Nifty was down 166.50 points or 0.76 per cent at 21,616.
The recent market rally, propelled by antici- pation that major Western central banks may raise and not cut interest rates, paints a picture of optimism.
We expect a modest return of 10 to 12 per cent on the main market in CY24, says Vinod Nair, Head of Research at Geojit Financial Services.
The US is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative.
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Indian stocks traded marginally higher Tuesday morning apparently due to fresh buying by investors after the recent profit booking. On Monday, they were largely steady.
This would be for the first time that investment would be made in all the 75 districts of the State simultaneously on a single day.
Leading industrialists from India and abroad participated in the programme organised at Oberoi Hotel in New Delhi.