Of Endings and Beginnings!

Through the last two weeks, we have seen the stock market plunging to the bottom and then resurrecting towards March end ??.

The famous quote, “Blossom by blossom, the spring begins,” ???? rightly applies to this securities markets season. Gold bloomed to its fullest–touching an all-time high?? with the US data lifting rate cut hopes . Also, the domestic equities have ended the financial year on a bullish??note as we said our “Goodbyes” to FY24.??

As FY24 has ended, let’s look at the securities markets opportunities??for in the new financial year.

The Year of Bond?

For FY24, the FPI inflows stood at a nine-year high??of ?1.21 lakh crores. Foreign investments into eligible sovereign bonds are on the rise, foreign exchange reserves have hit a record high, corporate bonds are outperforming peers, and Fully Accessible Route (FAR) sees the potential to return to 2.76% this year.

Noteworthy news-India’s bonds have booked their place??by marking their entry into Global Indices. They are soon to become a part of the JPMorgan Government Bond Index-Emerging Markets (GBI-EM). This news made this current rally possible.

There is also a much-awaited event of Indian Treasuries becoming a part of the Bloomberg EM Index in the offing.

Furthermore, the RBI’s intervention of buying the dollar inflows to protect the Indian Rupee (?) from volatility can have the potential to further pump?the bond market.

Never look back, they say for Equity Markets

That is said while analysing a fund’s or a stock’s performance??. So, looking at the new financial year beginning with the stock market all in green, one can anticipate a brighter side. What do we see? ??

The upcoming elections have the potential to cheer investor spirit by pulling up public expenditure and consumer demand??. With the benchmark indices cheering green??on the start line of the new financial year, we can look further to better times

A Power-Packed FY

According to a report, the Central Electricity Authority (CEA) is expecting a demand peak in FY25?. To support the rising demand, the Power Ministry placed a record requirement for coal in March 2024.

Moreover, FY24 saw a record increase in Coal India Limited (CIL) capacity as its supply to the Indian power sector exceeded its target?. This is an important stepping stone to GoI’s mission of zero coal imports by 2026??.

With India’s move to energy self-sufficiency, the power sector stocks have the potential to cheer investors in FY25, making it a Power-Packed financial year.

The spring is here??and the markets have sprung back to the “greener times”. New beginnings are generally backed by newer resolutions??. So, a new year “a financial one,” can be supported by a new beginning, “also a financial one” ??. What do you say? Get ready for fresh beginnings???and think of financial resolutions while we are back mid-April with a new FY25 market teaser??.

To stay updated on actionable insights, visit ???? https://bit.ly/3SVUWys

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