January 19, 2025 | Read Online
How global currencies performed against the USD in 2024
• The markets managed to stay flat despite a volatile week with multiple global events and massive FII selling (FII’s have sold > 40k crores in January alone thankfully mitigated by an equal/higher no by DII’s).
• The currency despite RBI interventions continues to decline, though as the charts show it is one of the best-performing ones globally despite this fall.
• Infy results were not views favorably and the stock declined (We have maintained that most IT companies had a pop last year and are trading at fair valuations).
• Markets continue to be poised at crucial levels and with Trump’s reign beginning next week, the budget and the outcome of the wars all set to see direction an important phase that determines how things go in the first few months of the year.
• Earnings we believe should come back over the next 1-2 quarters led by the rural economy (ICICI Rural Opportunities Fund NFO is an interesting one and a SIP can be considered into that).
• Our webinar on the Neo Infrastructure Income Opportunities Fund that was cancelled due to a gaffe will be conducted on Tuesday at 7 pm (details below).
ICICI Rural Opportunities Fund NFO
India’s Rural sector is the one driving India’s growth. The Rural Sector generates 50% GDP and employs 2/3rd of the workforce. Good monsoons, Reduced Costs, Lower inflation and Better Labor Conditions are resulting in the boom of India's rural economy.
Presenting - ICICI Prudential Rural Opportunities Fund, a unique opportunity to tap into the rural growth story and unlock long-term growth potential.
Webinar Alert
My views in the Business Standard about PSU stocks and why I believe that it’s a long term story despite high volatility, however investors with appetite for high risk should only participate
• India’s economy set for rebound
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