The global economy, Market, Currency key Insights as on 18th July 2022.
Nifty will be on the higher side riding on the falling commodity prices and crude prices getting much attacking to the market.
1st Quarter results are also keeping the market hopes alive for a strong recovery.
In between Morgan Stanley cuts India's FY23 GDP forecast to 7.2%. These were very much within the expected lines as inflation and the depreciating rupee will have these cuts coming up.
Deprecating INR will pull up the revenues of export-oriented companies despite cost inflation which will guide the market into an upward trajectory
On the other hand, global investors are also gearing up for a less aggressive
rate hike from the Fed in the near future.
The whole market across the globe will be guided by corporate
results and a forward outlook.
Fund managers will be keeping a close eye on the results to
pick up to identify the new sectors which will be playing and providing significant
returns based on the current volatile inflation phase.
Sectors like Credit
cards, asset managers, media, internet retail, air freight and logistics were
some other outperformers which will guide the domestic markets as well
as the global markets.
Every fall in crude prices will push the global markets and Indian
markets to climb up as inflation comes down.
Back home markets are looking ahead to key announcements of policies
from the government which will also guide the market going ahead.
Strategy for Investing
Investors should have the patience to invest and also patience to
hold. Rumours and panic actions should be avoided since the same could destroy
the asset allocation and risk profile.
A couple of weeks
before the inflation & interest rate hikes were expected to be high which
have now come down and changed the dynamics of the market. Hence follow your
risk profile and invest accordingly.
It's time for shopping quality midcaps and quality sectors
that one was not able to invest in at 18000 level Nifty.
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