MARKET OUTLOOK

November 2024 saw a continuing pressure on Indian equity markets but during the last few trading sessions of the month, it witnessed some recovery. It is difficult to say yet that market has bottomed out but certainly the corrections are largely done for now. US elections are over, FIIs selling have slowed down, weak Q2 results are behind us which led to low GDP growth for the quarter. Festivals and marriage season would lead to demand pick up in the current and the next quarter. Government spending is expected to pick up in the balance two quarters left in this financial year. The monsoon has been good and there are clear signs of rural demand pick up, though the urban demand is showing some obvious fatigue.

Markets are always forward looking and it has a unique canny to pick up signs even before we realise, both on the negative and the positive sides. Investors (medium and long term) should not try to time the market but focus of their final goals and timelines. If you are not sure, put money into liquid funds and start STP over 12-18 weeks and it would take care of the market volatility on its own. Focus on infrastructure, manufacturing, innovation, renewal energy and a large consuming population would ensure that these growth hiccups are temporary and the big India story is truly on. Keep Investing for long term.

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