Page 106 - Volatility News Today

Nitin Agarwal says that the outcome of the assembly elections signals stability and growth-oriented policies for Indias journey to become the worlds third largest economy. Pro-business initiatives, increased investments, and focus on long-term megatrends offer opportunities for capturing market momentum and delivering multibagger returns in BFSI as well as IT sectors.

Nitin Agarwal says that the outcome of the assembly elections signals stability and growth-oriented policies for Indias journey to become the worlds third largest economy. Pro-business initiatives, increased investments, and focus on long-term megatrends offer opportunities for capturing market momentum and delivering multibagger returns in BFSI as well as IT sectors.

Macro outlook for trend appears to be favourable, but 2023’s performance flop gives would-be investors pause for thought

Hemang Jani says It would be good to go through some degree of correction, some degree of consolidation, and that will throw up more opportunities for everybody. Volatility is expected during the markets volatile phase, so caution should be exercised when buying momentum stocks. However, overall market stance, including the Nifty and banking stocks, remains unchanged.

On the market construct itself, I think there is bound to be volatility in a rising bull market that we have had not only in India but even in the US. There will be days of sharp corrections and people will just have to get used to them.

On Monday, Niftys Midcap 100 index fell 2.5% - its biggest single-day fall since January 23, and the Small Cap 100 index slumped 4% - its biggest fall in a day since September 12 last year. The Nifty Microcap 250 declined 3.9%. The Sensex and Nifty shed 0.7-0.8% each Monday. On Friday, the small-cap and mid-cap indices fell between 2% and 3%.

"Crude oil prices rose due to geopolitical tensions. Last week, gold and silver ended negatively, while silver showed resilience amid base metals downturn. Energy prices were favorable, driven by crude oil increase. Key factors include US inflation data and PPI data, along with speeches by Fed governors. The headline inflation is expected to come down to 2.9%, which was 3.4% last month."

The Agriculture Department lowered its milk production forecast for the fourth time in its latest World Agriculture Supply and Demand Estimates report. The 2024 forecast was reduced due to lower

Preeyam Tolia of Axis Securities, says Nestles Q3 results meet expectations with slight misses. Nestle has strong overall performance, outperforming other FMCG companies. Expect mid-single digit volume growth. Coffee prices are volatile but other raw materials like palm oil and milk prices are stable, minimal impact on overall margins. Nestles basket of raw materials remains stable.

Kansai Nerolac Paints Ltd on Monday reported a 39.57 per cent increase in consolidated net profit to Rs 152.09 crore for the December quarter, helped by improvement in margins. The company had posted a net profit of Rs 108.97 crore in the October-December period a year ago, Kansai Nerolac said in a regulatory filing.