A lesson from market history is that liquidity surge can keep the valuations elevated for an extended period of time, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Investors should remember the fact that from the short term perspective valuations are stretched, he said.
Stock markets often surprise, both on the upside and downside.
A month ago Nifty crossing 19,500 appeared a tall task since the US Federal Reserve continued to be hawkish, US bond yields were rising and the dollar was strong in the backdrop of a slowing global economy.
But the scenario has changed with US consumer inflation declining more-than-expected to 3 per cent giving hopes that the Fed is near the end of the rate hiking cycle, he said.
Consequently, the US 10-year bond yield has sharply dipped from 5.1 per cent to 4.7 per cent and the Dollar Index has crashed by nearly 4 per cent from 103.57 to 99.9. This is positive for emerging markets like India, which are likely to witness more capital flows.
In July through 14th FPIs have invested Rs 30,660 crore in India inclusive of bulk deals and investment through primary market, he said.
This reflects the increasing FPI confidence in the Indian economy and markets.
BSE Sensex is up 200 points in morning trade at 66,261 points. IT heavyweights are leading the rally again with Wipro up more than 3 per cent, Tech Mahindra up more than 2 per cent.
Tripura CM Dr Manik Saha to lead high-level task force for investment promotion in NE India
In a significant development of the Prime Minister Narendra Modi’s dream of making India – Viksit Bharat by 2047, the Ministry of Development of North East Region (MDoNER) has appointed Tripura Chief Minister Dr Manik Saha as the Convenor of the High-Level Task Force for investment promotion in North East region of the country.
In a first, 9 Tripura youths get nursing caregiver jobs in Japan
For the first time, nine youths from Tripura have got jobs in Japan as nursing caregivers and 60 more candidates would go to the East Asian country in the next financial year (2025-26) for work, officials said here on Saturday.
108-year-old Tripura Palace to turn into 5-star hotel; deal signed amid protests by allies, Oppn
Despite vehement protests by the ruling BJP's ally Tipra Motha Party (TMP) and the Opposition, the Tripura government on Friday signed an agreement with the Indian Hotels Company Ltd. (IHCL) to make the 108-year-old Pushpabanta Palace in Agartala a 5-star hotel.
Tripura CM tells police, lawyers to increase conviction rate
Tripura Chief Minister Manik Saha on Friday asked the top police officers, law enforcement agencies, lawyers, and other stakeholders to take all steps to increase the conviction rates.
Govt working to develop Bankul as most attractive tourist spot in Tripura: CM Dr Manik Saha
Chief Minister Dr Manik Saha on Thursday inaugurated the 78th Bankul Mahamuni festival of the Buddhists community in the Buddha temple at Sabroom Manubankul and said that the government has taken initiative to develop Bankul as one of the most attractive tourist spots of the state.
PM Modi led Govt given special importance to socio-economic development and self-empowerment of women: CM Dr Manik Saha
Chief Minister Dr Manik Saha on Thursday inaugurated the state level celebration of the International Women’s Day here at Agartala Rabindra Satabarshiki Bhavan and said that the government has given special importance to the socio-economic development and self-empowerment of women of the country.
THRC seeks report from DGP over FIR refusal
The Tripura Human Rights Commission (THRC) has directed Director General of Police (DGP) Amitabh Ranjan to investigate allegations that police personnel in North Tripura refused to register an FIR and to submit a report by April 24.
Outrage over puppy killing video, Minister orders arrest
A harrowing case of animal cruelty in Tripura’s Khowai district has triggered widespread outrage after a disturbing video of a youth brutally killing a puppy surfaced on social media.