Magnificent 7 I Accenture's forecast I Small Cap Funds
By Team GoalTeller

March 24, 2024   |   Read Online

Chart of the week 

Global Fund Manager Survey by BofA

Magnificent 7 stocks continue to rule


Recap and Outlook
  • Tech (Software Consulting) stocks took a beating globally on the back of Accenture’s lowered guidance and apprehension

  • Indian equities did well with Nifty crossing 22k again despite a bad Friday for tech stocks

  • US markets continue to do well

  • We remain cautious on Nasdaq for fresh infusions and positive on Indian large caps

  • The INR fell against the USD which is generally a negative indicator for Indian equities in the very short term (though we believe unless it falls further, this might not impact the market direction as of now

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