Weekly Wealth Report
Issue 173, Weekly Wealth Newsletter: 16th dec 2024 – 23rd dec 2024
(Weekly Wealth Newsletter and a Private Circulation from Creating Wealth Company)
Curated by
Mr. Sathish Kumar
Founder – Creating Wealth Company
Crorepathi Creator | Financial Consultant | Author | Speaker | Columnist | Youtuber
Phone – 9841058689
Mail – creatingwealthadvisory@gmail.com
Web – www.sathishspeaks.com
Has FII turned Net Buyers in Dec 2024?
Download this NewsLetter as a PDF
FII’s turn buyers in December, they buy equities worth Rs 14,435 crore.
“FIIs turning buyers in early December, in total reversal of their sustained selling strategy during the last two months, has altered the market sentiments.”
In October, the total FIIs selling through exchanges was Rs 113858 crores. The exodus slowed down a bit to remain at Rs 39315 crores in November. Due to which, the market witnessed a major correction over the past two months.
Market continues rebounding and markets extended their recovery for the third consecutive week, gaining over 2% amid mixed cues. Both midcap and small cap indices surged over 4%, surprising market participants.
All major sectors contributed to the rally, with realty, metal, IT, and banking emerging as top gainers. while FMCG underperformed.
Successful investment strategy requires regular reviewing and investor should buy funds at lower levels you can always reach us @ 78100 79946 for your portfolio review and rebalance
Weekly Market Pulse
Domestic equity markets rose for the fourth consecutive week as key benchmark indices BSE Sensex and Nifty 50 rose 0.52% and 0.37%, respectively. The mid-cap segment closed the week in green, however, the small-cap segment closed the week in red.
Domestic equity markets rose during the week led by heavyweight information technology stocks following an in-line U.S. CPI data of Nov 2024 which cemented expectations of another interest rate cut from the Federal Reserve in Dec 2024 monetary policy meeting.
Sentiment was boosted after China’s senior leadership committed to easing monetary policy and offering additional support to bolster the faltering economy.
On the BSE sectoral front, BSE IT rose 2.62% as investors braced for a rate cut by the U.S. Federal Reserve in its Dec 2024 policy meeting following an in-line U.S. retail inflation print of Nov 2024. Additionally, expectation of an increase in U.S. spending propelled the information technology sector.
BSE Consumer Durables gained 1.76% on expectations of a revival in consumer spending driven by the year-end holidays.
Mutual Fund Corner
Invesco Large & Mid Cap Fund
Invesco Large & Mid Cap Fund – An open ended equity scheme investing in both large cap and mid cap stocks
Fund Managers: Aditya Khemani & Amit Ganatra
Investment Strategy and Portfolio Construction Guidelines
• Invests in a combination of both growth and value stocks
• Bottom up and top-down approach to select stocks
• No cash calls – fully invested approach (Target 95%)1
• No. of holdings – 50-70 Stocks
• Capital appreciation over long-term
• Investments predominantly in equity and equity-related instruments of large and midcap companies
To invest in SIP & in Mutual Funds Click the link and start your investments instantly
( You can also call us @ 78100 79946 )
Stock of the Week
Dixon Technologies
CMP – 18336
Target – 21,999 ( In 12 – 18 Month’s Time Frame)
Dixon Technologies (India) Limited, incorporated in 1993 , is a Electronic Manufacturing Services (EMS) company with operations in the electronic products vertical such as consumer electronics, lighting, home appliance, closed-circuit television cameras (CCTVs), and mobile phones.
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 21.07%
Healthy long term growth as Net Sales has grown by an annual rate of 45.70% and Operating profit at 37.04%
Company has a low Debt to Equity ratio (avg) at 0.08 times
With a growth in Net Profit of 268.92%, the company declared Outstanding results in Sep 24
High Institutional Holdings at 45.41%
The company has declared positive results for the last 7 consecutive quarters
Multiple factors for the stock are Bullish like MACD, Bollinger Band, KST, DOW and OBV
For your Equity Recommendation, Pls call us 78100 79946
This Week Media Publications
My Youtube Family is now with 1 Lakh Subscribers, 689 Videos, 54 Lakh Views and Counting. It is a dream to make investing Simpler, Profitable and Accessible to everyone!
Channel Link
My Book Publications
My First 1 Crore Club
Are you still dreaming to achieve a net worth of ₹1 crore?
Still dreaming how to make 1crore?
Still Wondering how a salaried person/professionals can make 1cr?
To all the questions in your mind here is the potential ways to build it through Mutual Funds, Stocks and Much More…
Still dreaming how to make 1crore?
Still Wondering how a salaried person/professionals can make 1cr?
To all the questions in your mind here is the potential ways to build it through Mutual Funds, Stocks and Much More…
This Newsletter is from Creating Wealth Company – For Private Circulation only.
For more information connect with Sathish Kumar @ 9841058689
You can also connect with us investments@sathishspeaks.com
Visit – www.sathishspeaks.com for More Details.
Disclaimer
Mutual Funds and Stock Market Investments are subject to market risks, pls read all scheme-related documents carefully. The past performance of the mutual fund is not necessarily indicative of future performances. Mutual fund does not guarantee any returns or dividends.
This report is for informational purposes only and contains information, opinions, and material obtained from reliable sources every effort has been made to avoid errors and omissions and is not to be construed as advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments, we shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means is prohibited.
