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Wednesday, January 01, 2025 | 02:35 PM ISTEN Hindi

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Market will likely take its cue from the Budget, says Samco Group CEO

Geopolitical tensions, such as the Russia-Ukraine conflict, will continue to impact global markets

Jimeet Modi
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Jimeet Modi, Founder & CEO, Samco Group

Sundar Sethuraman Mumbai

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The 2024-25 (FY25) October-December (Q3) quarter earnings are expected to mirror those of the second quarter (Q2), with key sectors grappling with a demand slowdown. The government’s approach to the economic downturn and its priorities will become evident in the upcoming Budget, says JIMEET MODI, founder and chief executive officer of Samco Group. In an interview with Sundar Sethuraman, Modi suggests domestic markets will likely stay volatile in calendar year (CY) 2025, influenced by developments in the US markets, inflation concerns, recession risks, and interest rate decisions. Edited excerpts:
 
What were the key drivers of the equity market rally in

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