What to do with Zomato, Tata Investment and 4 other stocks? Aamar Deo Singh of Angel One decodes
Amid a fierce competition between bears and the bulls, selling is being witnessed at higher levels, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency atAngel One said. Given that the current trading week is truncated, investors are expected to be cautious as markets are trading at record highs, influenced by news flows and global sentiments, he added.
Nifty closed with gains of 0.33% on a weekly basis thanks to Fed's dovish commentary. There were no major domestic triggers that could have supported the market. What do you expect in the holiday-shortened week?
Aamar Deo Singh: Amidst the global investor sentiment that has been positive since the US Federal Reserve took an accommodating approach towards interest rate cuts in 2024, markets managed to recover last week and close in the green. Since the majority of international markets are still on the rise, the ripple effect can also be seen in home markets.
However, amid a fierce competition between bears and the bulls, selling is being witnessed at higher levels. Given that the current trading week is truncated, investors are expected to be cautious as markets are trading at record highs, influenced by news flows and global sentiments.
Unlock Leadership Excellence with a Range of CXO Courses
Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisit
What are the next important levels for Nifty and Bank Nifty and
