‘Mkts learning to live with Trump; sentiment split’

OUTLOOK | 80% households still remain risk averse, says Sebi survey

- FPJ News Service

Stock markets across the globe, including India, are learning to live with Trump as leading economists believe that the Trump ‘shock is over. Investor-sentiment in India is expected to remain cautions this week amid domestic macroeconomic data (inflation), Q2 earnings, FII activity, and geopolitical developments.

“Investor-sentiment, in general, remains split as one group tend to worry about a bearish market, and the other take advantage of a downtrend by picking up fundamentally strong, but low-valued stocks. Another group, mainly short-term investors often remain sceptical as they fear lower profits in a bearish market,” country head of a leading FII told The FPJ Money. Bullish and bearish sentiments are here to stay, and investors must uphold patience.

“On the earnings front, quarterly results from prominent companies such as ONGC, Bajaj Finserv, Asian Paints, Tata Steel and Oil India will be closely tracked for sectoral cues,’ Ajit Mishra, SVP, Research, Religare Broking Ltd, said.