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U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve from slowing the pace of its interest rate hikes starting this month.

Going forward, flow trajectory is expected to remain positive in December. However, some shift could be seen from expensive stocks to value stocks, Anita Gandhi, Whole Time Director and Head - Institutional Business at Arihant Capital, said.

​​As happened in the past, whenever US markets outperformed by a significant margin, it always came at the expense of emerging markets. Last decade was no exception. In the same breath, the reverse has also been true. That is, whenever US markets struggled with sub-par returns, those decades belonged to emerging markets.

The markets are set to see a stable start to the week. From the technical perspective, the behavior of Nifty vis-à-vis the levels of 18604 would be extremely crucial to watch. This is the point from where the index tried staging a breakout; it would be crucially important for the index to stay above this point to keep the breakout valid and in force.

“We have a services fund and new-age opportunities are a part of that fund. Last year, when everybody was buying all this, I did not buy any of those. I bought only one or two of those fintechs during the boom there. Some of them I am buying now but it is not broad-based buying. We are buying it in those funds where it makes sense which is essentially the services fund. ”

“SBI Life is our preferred pick in the sector. We believe that they have a very big franchise which they can build on very aggressively. India is still an underpenetrated market and given its distribution reach and the way they have been performing, I believe that this stock should do well.”

“Powell is not one for surprising the market. He had never done it really and the market is coalescing around a 50 bps rate hike in December. It would be walloping if they raised rates by 75 basis points. I do not think that will happen. I think they will stick to 50 bps, allowing the lagged effects of those interest rate hikes to play out in the economy.”

As per the DRHP, the public issue comprises fresh issue of equity shares worth up to Rs 750 crore and an offer-for- sale (OFS) of up to Rs 250 crore.Promoter Sarvpriya Securities and investor International Finance Corporation will sell equity shares worth up to Rs 125 crore each.

On the global front, the US bond yields and the dollar index have fallen sharply, and markets will continue to watch their move from here, Meena added.

Cryptocurrency firms including Coinbase Global Inc., Galaxy Digital Holdings Ltd. and MicroStrategy Inc. all plunged more than 25% last month. The declines added to the pain of a dismal year amid a deep and extended plunge in Bitcoin and other digital tokens.