December 08, 2024

Market Cap: GDP

US and Japan are trading higher than India in this valuation metric

Source : NSE/BSE Bhav Copy

• The markets stayed positive with all major indices higher by around 2.5% - 3%.

• The Nasdaq closes in on 20k levels as optimism rises on the run-up to a Trump Presidency, especially on crypto and Musk-owned stocks.

• As news of Ukraine and Israel/Iran conflicts reduce, some other new concerns emerge.

• India GDP nos were poor including the outlook for the remainder of the year.

• RBI stayed away from cutting rates on the back of high food inflation – Though this we believe should happen sometime in 2025 early on.

• Taking a short-term view is hazardous but if we have to take a call – We believe Dec could continue to be a good month with a lack of major triggers while the coming quarter could be tepid/negative with a price/time correction.

• Any financial goals < 6m away in equities should be withdrawn immediately while we continue to stay good with our 1-1.5 year recommendation of 30k on the Nifty (Though 22.5k – 23k or lower could come again before the markets move higher).

• RBI launched a new set of banking rules – particularly ones of successive nominations or simultaneous nominations that could be quite helpful for investors. The no. of nominees have also been increased to 4 now.

Thinking Fast and Slow

How Heuristics help

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• New Banking Laws (Nominations)

• SBI lowers GDP projection to 6.3% lower than that of RBI

• Japan’s digital trade deficit

• MF exposure to BFSI falls to 25%

• SEBI cracks down on fin-influencers

• Article in Outlook on how Guaranteed Insurance Plans do not account for inflation and investors should consider that before investing in these

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