Quote on Muhurat trading, SAMVAT 2079 Says Dr. V K Vijayakumar, Geojit Financial Services
Below is Quote on Muhurat trading, SAMVAT 2079 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Even though Samvat 2078 ended with marginal negative returns the overarching feature of the year gone by was India’s distinct outperformance. While the MSCI World Index and MSCI Emerging Market Index fell by 23 % and 33% respectively, Nifty hugely outperformed with a minor cut of only 3 %. This outperformance in a year of a war in Europe and rising inflation and interest rates in the developed world reflects Rising India’s resilience. From the market perspective, two factors stand out: One, India’s economic fundamentals are relatively strong. Two, DIIs and retail investors have become a force to reckon with overwhelming the FII selling. This trend can be expected to continue.
Muhurat trading will be lighted up by fireworks from the bulls who are set to charge with the support from the mother market US which was strong last Friday. Financials are again likely to lead the rally since credit growth in the economy is robust and continues to gain momentum. However, investors should be cautious since there are major challenges ahead, particularly rising interest rates and the unknown trajectory of the Ukraine war."
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