Wishing you and your family a very Happy New Year !!
May this new year fulfill all your personal financial goals .
Month of December was fruitful as the benchmark indices both Nifty 50 and Sensex moved up by 1.66% – 1.87%, foreign portfolio investors have been pouring money into the markets, cumulatively for the year they have invested more than 1 lakh crores, for the month of Dec the provisional figures are upwards of 7000 crores. Month of Jan may see consolidation as markets will wait for government actions regarding disinvestment targets to manage fiscal deficit.
Budget next month may not be a great event to influence the market , apart from reduction in personal income tax rates. So markets may be sideways in the near term, which will also show up in our portfolios , Large caps have done well so far, we are hoping mid cap and value funds to start performing this year .
Happy Investing !!