investment cycle: Q4 earnings: Domestic cyclicals in line or slightly better while defensives like IT & FMCG are underwhelming, says Vinod Karki : vimarsana.com
Vinod Karki, Equity Strategist at ICICI Securities, highlights market trends with a focus on domestic cyclicals, defensives, and FPI buying behavior. He anticipates a tapering down of earnings growth from a low base, emphasizing the importance of maintaining valuations in the market. Karki points out that DIIs and FIIs being an equal footing in terms of net buying is keeping our markets relatively expensive .