Stock Market Rally: Anil Singhvi reveals what will boost stocks going forward

In his inimitable style, Zee Business Managing Editor Anil Singhvi has revealed what will keep the stock market rally going strong and what will not contribute to it. The Market Guru has declared that the current market rally in the global indices, including Indian stock markets, is purely liquidity driven. Singhvi said that economic fundamentals are still weak and no one knows by what time Covid-19 will come under control. However, the good thing is that there is ample liquidity in the system and this can never be underestimated. Singhvi said that despite this, there will be some negative happenings that will keep coming, like trade war, Coronavirus fears, Donald Trump's focus on US presidential polls, but markets will continue to rally till there is ample liquidity in the markets.

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Anil Singhvi said, "This rally in the global markets is purely liquidity driven and one should be ready for some jolts like second wave of Coronavirus, Donald Trump going hard on China over the trade deal to the upcoming US presidential polls." Singhvi said that majority of the central banks are printing their national currency to maintain the liquidity in their respective markets. Since, liquidity is there, money flow into the markets will continue and hence the stock market will rally.

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सिर्फ लिक्विडिटी ही है बाजार का सहारा...अनिल सिंघवी ने कहा- इकोनॉमी में रिकवरी के संकेत नहीं, लेकिन अच्छी लिक्विडिटी से जारी रहेगी रैली#EditorsTake #NSE #BSE #Sensex #Nifty #USMarket @AnilSinghvi_ pic.twitter.com/UQwOJzHyhu

— Zee Business (@ZeeBusiness) June 23, 2020

However, Market Guru maintained that one should be vigilant about the economy, which became visible last week when we witnessed the setback in the Federal Reserve's balance sheet. But, it was just for one week. We need to keep an eye on it in coming weeks as more such news from US Fed may trigger a fresh selloff leading to fall in the global share markets.