Positive momentum in market to continue post US-China trade deal: Analysts

By: |
Updated: December 15, 2019 3:01:28 PM

The US and China have suspended additional tariffs on each other's goods after reaching a 'phase one' trade deal after prolonged negotiations.

US China trade deal, Equity markets, Motilal Oswal Financial Services, world markets, Sensex, BSE, dollar Every year you can invest up to Rs 1.5 lakh in certain tax savings instruments like PPF, Tax Saver FDs, Tax Saver Mutual Funds etc which is tax exempt under section 80C.

Equity markets are expected to sustain their positive momentum this week after the US and China reached their much-awaited trade deal, analysts said. The US-China trade truce and Boris Johnson’s win in the UK general elections drove global markets higher late last week.

The US and China have suspended additional tariffs on each other’s goods after reaching a ‘phase one’ trade deal after prolonged negotiations.”The recent developments on the global front have subsided the fear of prolonged crisis and that cheered the participants across the world markets including ours. And, we feel the positive momentum to extend further in the coming week too,” said Ajit Mishra, VP -Research, Religare Broking.

The current market momentum can sustain this week as well, provided there is more clarity on the US-China trade settlement, said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services. Further, liquidity flows have been supportive which may continue for a while, he added. While valuations remain high, positive global cues and liquidity flows may help sustain the market momentum this week as well, Khemka further said.

Among macroeconomic factors, participants would eye announcement of WPI inflation on Monday. “We expect the market to continue to move higher as momentum is favouring the bulls while easing global sentiments is a much bigger boost for investors at this moment,” said Mustafa Nadeem, CEO, Epic Research.

Market sentiment will also be impacted by factors such as rupee-dollar trend and crude oil movement. Last week, the BSE 30-share Sensex advanced 564.56 points or 1.39 per cent. On Friday, the 30-share index zoomed 428 points, or 1.05 per cent, to close at 41,009.71.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Karvy fraud: Sebi refuses relief to lenders including Bajaj Finance
2Bharat Bond ETF’s success could attract more money into India’s corporate debt market, says CRISIL
3New issues lose steam: CSB Bank, Ujjivan Small Finance Bank down up to 21% after listing