Markets likely to remain volatile on global concerns
Investors are closely monitoring Q4 earnings and geopolitical events, which are poised to shape market direction, says Vinod Nair, Head of Research at Geojit Financial Services.
Investors are closely monitoring Q4 earnings and geopolitical events, which are poised to shape market direction, says Vinod Nair, Head of Research at Geojit Financial Services.
Investors are expected to closely monitor developments in the upcoming week as Q4 results are unveiled, says Vinod Nair, Head of Research, Geojit Financial Services.
Amidst mixed signals from global peers, investor sentiment remained volatile, influenced by uncertainties surrounding pivotal policy decisions from major central banks, says Vinod Nair, Head of Research, Geojit Financial Services.
Other pockets of the market are also very weak with the PSU index down more than 4 per cent.
BSE Small Cap index is down almost 2 per cent on Tuesday even as the benchmark Sensex is up 0.31 per cent.
While the market is steady, the small cap index is showing some strain with a cut of 0.5 per cent on Monday, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The overall high valuations of the market is creeping into PSU stocks too
The global support to the market from the US market where the S&P 500 is close to all-time high is significant, he said.
With India’s market cap touching $4 trillion and the market cap GDP ratio climbing to 1.2, valuations are getting stretched, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
