Market Update: Nifty has strong support around 23800, a close below 23800 can move towards 23400 (200 days SMA). One can invest in quality large & Midcap stocks around 23400-22800 level in 4-5 installments.
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Outlook and Valuation: Domestic inflows and non-institutional sentiment are unlikely to be affected by the rally in the Chinse market India’s domestic non institutional investors will likely continue with their price insensitive bidding/buying approach, as long as 1 they have strong conviction about high returns from the market or 2 as long as trailing returns look good Institutional investors ( have no option but to deploy the funds coming into domestic mutual funds, irrespective of valuation and/or conviction levels Valuations are largely redundant in such a market Post decent 19 8 earnings growth in FY 24 we expect net profits of the Nifty 50 Index to grow by 6 7 %%(EPS of 1042 in FY 25 and by 17 3 %%(EPS of 1222 in FY 26 At 24700 Nifty trades at 23 7 x FY 25 E and at 20 2 x FY 26 E FY 25 will likely see more broad based growth across sectors However, the OMCs will likely drag down overall profits, as we expect their profits to normalize in FY 25 We find most sectors and stocks quite overvalued with the degree of overvaluation ranging from 1 low for most large cap consumer, IT services and pharmaceuticals to 2 medium in the investment space to 3 high in the case of several low quality companies As the broader market valuations are rich, opportunities arising from market correction can be used to add quality stocks (with attractive valuation) from long term investment perspective Based on our assessment of markets, sectors and stocks, we have identified eight potential stock ideas that are expected to do well in Samvat 2081 Happy Investing!
We are cautiously optimistic on India: India’s macroeconomic position continues to be quite strong, with 1 a strong growth and BoP (outlook and 2 a moderate, but improving fiscal and inflation (interest rates) outlook Q 1 FY 25 results and management commentary highlighted modest improvement in the laggard sectors of IT services and consumer staples We expect continued improvement in the affordability equation for low income households, driven by a combination of 1 a period of relatively stable product prices, after 4 5 years of relentless price increases and 2 a modest increase in household incomes Until September 27 cumulative rainfall was 7 above long term average indicating normal monsoon CPI inflation in August picked up marginally to 3 7 on higher than expected food prices We retain our call for a shallow rate cut cycle, starting in the December policy GST collections, IIP numbers, trade figures, fiscal deficit, strength of INR and other indicators continue to remain strong Crude prices are benign at USD 75 /barrel We expect real GDP growth rate of 6 9 in FY 25 E and 6 5 in FY 26 E factoring in 1 continued government capex 2 improvement in global situation and 3 gradual improvement in consumption.
Global Economy is stabilizing: Easing of inflation and evidence of the resilience of global commerce make us cautiously optimistic on the global economy There is solid degree of confidence that the US has turned a corner on inflation with a 50 bps cut with potential two more cuts coming this year and 100 bps in 2025 In Europe, recession fears remain, but markets are gaining confidence that central banks, particularly the European Central Bank ( have more room to maneuver following the Fed’s recent 50 basis point rate cut The European Central Bank ( has cut interest rates for four times this year Asian economies look good driven by the People’s Bank of China cutting its 14 day repo rate and reverse repo rates, cutting reserve requirement ratio ( by 50 bps, lowering mortgage rates for existing loans and increase its debt Even Bank of Japan indicated that the bank is not rushing to hike rates Monetary policy is thus turning a corner with an expected return to loosening in the majority of countries and regions.
Wishing everyone Happy Diwali and a Prosperous Samvat 2081: Indian Markets created history in Samvat 2080 by hitting milestone after milestone The Nifty surpassed 26250 and BSE Sensex surpassed 85900 in September 2024 with both Indexes gaining around 25 during Samvat 2080 The BSE Midcap and Smallcap Index outperformed and gained 45 and 50 respectively The up move in markets was exceptional considering the spread of Covid 19 and subsequent lockdowns The up move in markets was exceptional considering geopolitical tensions, global weakness and global elevated interest rates All class of investors drove the up move While the FPIs set forth their conviction in Indian capital market by infusing Rs 22909 cr (Source NSDL) in equities YTD, the retail category wasn’t behind with monthly SIP crossing Rs 23000 cr in September 2024 Samvat
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IPO or Initial Public Offer is a way for a company to raise money from investors for its future projects and get listed on Stock Exchange. Or An Initial Public Offer (IPO) is the selling of securities to the public in the primary stock market.
From an investor's point of view, an IPO gives a chance to buy shares of a company, directly from the company at the price of their choice (In book build IPOs). Many times there is a big difference between the price at which companies decide on their shares and the price at which investors are willing to buy shares and that gives a good listing gain for shares allocated to the investor in an IPO.
From a company perspective, IPO help them to identify their real value which is decided by millions of investors once their shares are listed on stock exchanges. IPOs also provide funds for future growth or for paying their previous borrowings.
The term "Derivative" indicates that it has no independent value, i.e., its value is entirely "derived" from the value of the underlying asset. The underlying asset can be Securities, Commodities, Bullion, Currency, Livestock, or anything else. In other words, Derivative means a forward, future, option, or any other hybrid contract of pre-determined fixed duration, linked for the purpose of contract fulfillment to the value of a specified real or financial asset or to an index of securities. With the Securities Laws (Second Amendment) Act of 1999, Derivatives have been included in the definition of Securities. The term Derivative has been defined in Securities Contracts (Regulations) Act, as: - a security derived from a debt instrument, share, loan, whether secured or unsecured, risk instrument or contract for differences or any other form of security; a contract which derives its value from the prices, or index of prices, of underlying securities.
Get to know more!When a company goes public, it sells shares of ownership (stocks) to investors. By owning shares, you gain a stake in the company's performance. As the company grows, the value of your shares may increase, leading to potential capital appreciation.
There are two main types of markets: Primary and Secondary. In the primary market, companies raise capital by issuing new shares (IPO). The secondary market is where existing shares are traded between investors.
Stocks are traded on stock exchanges like the National Stock Exchange (NSE) or the Bombay Stock Exchange (BSE). Investors buy and sell shares through licensed brokers like MFeasy.
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