Global stock markets are rising after the US Federal Reserve's latest policy decision. Investors see the move as less aggressive than expected. This could lead to more interest rate cuts in the future. Emerging markets, including India, may see increased investment. A potential shift towards a more dovish stance by the Fed could boost global equities and non-dollar assets.
Small and midcap stocks are poised for a strong recovery. Earnings are expected to grow significantly over the next four to six quarters. Cyclical sectors like banking, financial services, and automobiles will lead the market. Oil marketing companies are set to benefit from stable crude prices. Capital market-linked stocks offer select opportunities for medium-term investors.
ICICI Prudential AMC's Rs 10,602 crore IPO opens for subscription on December 12. This is a pure offer for sale by its UK partner. The offer closes on December 16. The company manages significant assets and shows strong profitability. Brokerages recommend subscribing for long-term investment. Valuations are considered fair, with modest listing expectations.
