Key Points
According to stock market experts, today's rally is participatory as in the broad market, the small-cap index continues to approach its existing lifetime high while the mid-cap index hit a new high of 41,172 mark..
As per the Indian stock market observers, the Indian equity market is rising because of various reasons, which include US Fed rate cut buzz, ample liquidity in the market, strong global market sentiments, strong Q4 results 2024, and expected trend reversal in the Chinese economy. ..
So, the market is factoring in the expected strong results season that has kickstarted this week and is going to unfurl in full swing next week with the announcement of TCS Q4 results 2024 on Friday this week," said Saurabh Jain, Vice President Research at SMC Global Securities. 2] Strong global market sentiments: "Market is following strong global cues as well..
The recent rally in the metal stocks should be seen from this trend reversal buzz in the Chinese economy," said Saurabh Jain of SMC Global Securities. 4] US Fed rate cut: "The market is full of buzz about the US Fed rate cut in the near term..
This is expected to happen in the global markets including Indian markets as the majority of the central banks across the world are waiting for the US Fed rate cut," said Avinash Gorakshkar of Profitmart Securities. 5] Resurgent Indian economy: "Currently, India boasts the fastest-growing economy globally, with a promising future fueled by political stability..
