Aamar Deo Singh advises caution in the volatile market amid global cues and US economic scenarios. Investors should focus on Nifty, Bank Nifty levels, and major movers like Tejas Networks, Cochin Shipyard, and Kotak Mahindra Bank for strategic investments. Singh says: "Markets and global investors at large, have already factored in a no-rate cut, but its the overall outlook and commentary by the Fed that markets will look forward to. "
PSU Banks resume winning streak with gains for the third consecutive session. All 12 constituents of the Nifty PSU Bank index finished today s trade in the green, with Bank of India and Punjab and Sind Bank leading the pack, gaining 5.8% and 5.3%, respectively.
Indian state-run banks continued their winning streak for the fifth consecutive session on Wednesday, with 11 out of 12 constituents of Nifty PSU Bank index finishing today s trade in the positive territory.
In 2023, Nifty exhibited a remarkable feat by achieving its eighth consecutive year of positive performance, underscoring its resilience amid various challenges. While challenges persist, the Indian growth story continues to be compelling.