Markets likely to remain volatile next week

We hope you and your family are safe and in good health! Samvat 2080 was a good year for the investors. During Samvat 2080, the Indian stock markets made record highs, with Sensex surging over 14,806 points or nearly 22.7%. The NSE Nifty 50 also jumped 4,874 points or nearly 25% during the past year. Both the indices saw their best Samvat after 4 years.

The economic situation also looks promising with buoyed consumer sentiment and good macroeconomic indicators. GST Collection, export numbers, PMI Data etc represents positive sentiment.

Inflation, follow-up demand scenario & FIIs selling are three concerns currently. Hence, it's time to be selective and add quality stocks as we believe corrections should be seen as a good opportunity to buy. Revival in economic activities, with strong fundamentals and expectation of interest rate cuts, would lead to positive momentum. For Samvat 2081, the Teji Mandi team wishes you all a Happy Diwali and a Prosperous New Year.