Gold has surged by 4% after the U.S. Federal Reserves rate cut and is expected to continue rising. Geopolitical tensions, further rate cuts, rising inflows into gold ETFs, and central bank purchases are key drivers. Seasonal demand in India will also support the price momentum, making it a promising period for gold investments.
The Association of Mutual Funds in India (AMFI) will announce the stock re-categorization in the first week of January 2025 and may increase the market cap categorization which highlights the changes in large, mid and small cap, according to the predictions by Nuvama Alternative Research.
The US economy's surprising resilience challenges recession fears, as a report showed the biggest job gains in six months. This sparked market reversals and rethought interest rate bets. Small-cap companies and tech stocks led gains. Continued strong US activity data and expected rate cuts suggest a positive outlook for risk assets, despite inflation concerns.
Starting early with the National Pension System (NPS) can turn a Rs 10,000 monthly contribution into nearly Rs 4 crore over 35 years due to the power of compounding. NPS offers a balanced exposure to equity and debt, tax benefits, and supports disciplined retirement savings, ensuring a substantial retirement corpus and regular pension.
Domestic brokerage firm Axis Securities is optimistic about several small and midcap stocks, predicting potential rallies of up to 27%. These include Federal Bank, Aurobindo Pharma, Sansera Engineering, Dalmia Bharat, and Prestige Estates Projects. According to Axis Securities, India's economy remains in a favorable position, offering stability amidst global volatility.Here's a list of 7 small & midcap stocks that can rally up to 27%, according to Axis Securities:
The Federal Reserve's rate-cut campaign for 2024 may have ended due to a strong labor report, signaling economic resilience. Wall Street experts, including Ed Yardeni and Larry Summers, criticize further easing, fearing inflation risks. Investors and economists debate the central bank's future policy moves.
Indian markets dropped over 4% this week due to middle east tensions and FII outflows. Major sectors like auto, banks, infra, and energy faced heavy selling. FIIs are moving funds to China, leading to significant cash market selling. Analysts predict continued pessimism with a possible consolidation phase ahead amidst rising crude prices.
The data "basically tells us economic activity in the fourth quarter is likely to remain at a solid pace," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
