Quote on Market at 62k By Dr. V K Vijayakumar, Geojit Financial Services
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Quote on Market at 62k By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Two triggers assisted the Sensex rally to record highs. One, in the mother market US, the market construct turned favourable with rising equities, declining bond yields and falling dollar. Two, macro developments in India show steady rise in credit growth and capex indicating strong economic recovery. Along with this, sharp correction in crude is a big positive. This has facilitated this Sensex rally led by large-caps, mainly the HDFC twins, Infosys, TCS and RIL."
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