When the tailwinds are strong, stock markets rally; when the headwinds are strong, stock markets turn bearish. When tailwinds and headwinds are balanced, markets consolidate waiting for clearer signals. What is the current scenario and where are the markets headed?
Auto sector performs well in 2023 with Nifty Auto index up 24% YTD. Lower input costs and price hikes drive margin expansion. PV/2W/CV segments show growth in FY23. PV industry expected to grow 5-7% in FY24.
72% of the stocks on the F&O segment ended the last week with a positive bias, with 46% witnessing long build up and 26% short covering, while only 20% witnessed short build up.
Milton Friedman famously said that “Inflation is taxation without legislation.” While this is true from the taxpayer’s perspective, inflation can be a real boon for the finance minister.
