Thursday 02-05-2024

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The US Federal Reserve announced its interest rate

decision yesterday night

after a two-day Federal Open Market Committee (FOMC) meeting

leaving the benchmark interest rates unchanged at 5.25 % - 5.50 % for for

the sixth straight meeting, in line with Wall Street estimates.

The US Central bank added  that it does

not expect it will be appropriate to reduce

the target range until it has gained greater

confidence that inflation

is moving sustainably toward 2% .

Federal Chair Jerome Powell ruled out the possibility that the next policy

move at its June meeting will be an interest rate hike.

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India picks up pace in the domestic e-mobility sector.

In the next decade, the number of electric vehicles (EVs)

on our roads will likely rise substantially.

We believe the bulk of the charging of these vehicles will take place at home. 

But readily accessible charging away.

While most of the charging demand is currently met by home charging

publicly accessible chargers are increasingly needed in order to provide

the same level of convenience and accessibility as

for refuelling conventional vehicles. In dense urban areas.

in particular, where access to home charging is more limited

public charging infrastructure is a key

enabler for EV adoption

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Global brokerage Jefferies said

India will be the third largest economy by 2027 thanks to consistent GDP

growth rate, supportive geopolitics, surging market cap

continued reforms and strong corporate culture.

Over the last 10 years, India’s GDP has grown by 7% CAGR

in USD terms to $3.6 trillion

- jumping from the eighth largest to the

fifth largest economy.

Over the next 4 years, India’s GDP will likely touch $5 trillion

making it the third largest economy by 2027

overtaking Japan and Germany, being

the fastest growing large economy .

India has a consistent history of growing at 10-12% in USD terms

over the last 10 and 20 years.

India is also now the fifth largest equity market

in the world and the market cap will likely touch $10 trillion

by 2030, said Jefferies.

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India is now “emerging as something very exciting, thanks in part

to technology and government policies,

according to Mark Mobius.

“In many ways I call it United States of India because

these Indian states are so different,

one from the other. And that’s creating an incredible growth opportunity

Mark Mobius said.

India’s really emerging as something very exciting.

Investors looking to get in on this opportunity can gain exposure

through the Indian stock markets

with a particular focus on technology, Mobius said.

India’s markets have seen big gains in the last one year

Indian index now trading near all time high

In Novemeber 2021 Marke Mobius said India in 50 year bull market.

Just See What he say in Novemebr 2021

 

India is on a 50-year rally..Said Mark mobius

Even if there are short bouts of bear markets Mobius said in an

interview on a business channel.

India is maybe where China used to be 10 years ago he said,

adding the government policies

of unifying rules across states will help the country in the long run .

The Indian market has been in a bull run recently.

The Sensex index touched the 60,000 mark in September 2021,

only about eight-nine months

after it touched the 50,000 mark in January.

This was the quickest period in which the Sensex grew by 10,000 points

in the history of the stock market.

Mobius’ positive view about India comes amid many brokerage houses

and analysts sounding

a cautious note given the recent rally in the stock market.

A 50 Year Bull market In India.

A Great Wealth Creation opportunity.

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ALERT:--

(ALL ABOVE UPDATE FOR INFORMATION ONLY )

Note: -- This does not constitute investment advice return mentioned herein

are in no way a guarantee or promise of future return.

Stock market investments are subject to market risks.

Standard Warning :- ' Investment in securities market are subject to market risks.

Read all the related documents carefully before investing. '

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What To Do Today.........

Our Opinion for Today's Market

1.GOOD GST NUMBER

2.MARKET LOOKS GOOD TODAY

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SCHAEFFLER INDIA

(BSE TICKER-505790@ Rs.3687/-)

Consider 3550 -3580 strong support for stock

TECHNICAL TARGET

Rs.3990/- Rs.4100/- SL Rs.3540/- ( Closing Base)

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KFIN TECHNOLOGIES

(BSE TICKER-543720@ Rs.750/-)

Consider 680- 690 strong support for stock

TECHNICAL TARGET

Rs.880/- Rs.1000/- SL Rs.670/- ( Closing Base)

Note: -- This does not constitute investment advice return mentioned herein are in no way a guarantee or promise of future return. Stock market investments are subject to market risks.

Standard Warning :- ' Investment in securities market are subject to market risks.

Read all the related documents carefully before investing. '

MUST READ---Disclosure Disclaimer(Click Here)

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