What to expect from Q4 earnings going forward? Ajay Bagga answers

economictimes.indiatimes.com:

«Globally, we are in a Goldilocks environment with good macros as you defined it, we have inflation which is trending down though it is persistent in the journey from 3% to 2%, it is showing some persistence but despite that central banks are talking about rate cuts,» says Ajay Bagga, Market Expert.

Since we have seen March was clearly a month where a lot of adjustments happened financially, this was a truncated week and then a lot of tax harvesting. But now what lies ahead for us. Let us not forget big cues coming in from the domestic market when BJP also launches its manifesto. What are you picking and how are you gearing for the next week and especially for the April series now?

See, now the immediate catalyst for the markets will be the earning season. Politically, the markets have discounted political continuity and stability, it is a matter of numbers from 320 to 400, what are the numbers like, but more or less the markets have discounted continuity and that as far as politically the biggest catalyst will be the July union budget, what comes with that, but right now what the markets will be keenly looking at is the start of the earning season.

Globally, we are in a Goldilocks environment with good macros as you defined it, we have inflation which is trending down though it is persistent in the journey from 3% to 2%, it is showing some persistence but despite that central banks are talking about rate cuts.

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