Get Ready: Corporate Earnings Season to be the next make-or-break event for stocks!
“Buy the rumour, sell the news.” This is a popular trading strategy that captures the excitement and anticipation of market participants as they try to profit from upcoming news or data announcements. In recent times, the Indian market has witnessed a similar scenario as the NSE benchmark Nifty 50 index remained indecisive despite a positive data point that pleasantly surprised the market participants. The big news was India’s retail inflation dropping to a 15-month low of 5.66 per cent, falling within the RBI’s comfort zone band, and US CPI decelerating below consensus expectations.