Due to the ease of liquidity, Bull is fully responsible globally and the market continues to oppose gravity. Benchmarks around the world are at or near peaks and show extensive rallies. The domestic market is likely to open positively on Friday, but within range it shows SGX Nifty. Nifty and Sensex are appetizingly close to the psychological 18,000 and 60,000, respectively, so all eyes are paying attention.
Experts believe that IT stocks in the domestic market will continue to draw attention as Accenture reports strong numbers and outlooks. ACN reported very strong growth and large margins, demonstrating a stronger continuous acceleration of earnings growth (CC) than seasonal trends suggest.
“Q1-F guidance means continuous acceleration of growth at the high end, with guidance in 2010 at 12-15%, well above street expectations, and a typical medium-to-high single for early guides. Drive growth. Despite a gradual increase in declines, the company continues to expect margin expansion and strong EPS growth of 10-30bps. JP Morgan notes in a memo that equity trading is 35 times higher than ever. Despite being a multiple of NTM earnings, we expect a positive equity response.
However, analysts are nervous because of the significant growth in ratings. Most of them advise investors to remain cautious, despite the abundance of liquidity.
Mohit Ralhan, Managing Partner and Chief Investment Officer at TIWPE, said the market remains bullish and buyers are entering with every downturn. But as the market hits new highs, the risk increases given the risk of events associated with the development of the debt crisis in the Evergrande Group of China and the imminent start of a taper by the Federal Reserve Board of Governors. I am.
“The Indian economy is recovering as expected, but given the global clues, we are a little cautious and believe that the best current action is to wait for the market to show a bias. “There is,” he said.
According to Deepak Jasani, Head of Retail Research at HDFC Securities, Nifty closed at record highs after a spectacular day of rising hourly without major modifications. The Advance Decline ratio is lower than in the morning, but it is sharply positive.
“Nifty is slowly and steadily moving towards the 18,000 mark, unless global events (like Evergrande) disrupt this momentum. Evergrande is worth $ 83.5 million on dollar-denominated bonds on Thursday. It’s not yet clear if the company will pay that interest, and it wasn’t commented on by the closing of the deal in Hong Kong. Negative things in this regard affect global sentiment. I could give it, “he added.
SGX NIfty has ruled at 17,844 at 8 am. Thursday’s Nifty futures closed at 17,833.
All eyes on Nifty, Sensex as they are close to the historic mark
https://www.thehindubusinessline.com/markets/stock-markets/all-eyes-on-nifty-sensex-as-they-are-close-to-historical-marks/article36643045.ece All eyes on Nifty, Sensex as they are close to the historic mark