Market dynamics have become highly complex By Dr. V K Vijayakumar, Geojit Financial
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Below are Views On Market dynamics have become highly complex By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Service
Market dynamics have become highly complex with an uncertain cocktail of positive & negative factors. The smart rebound in economic activity, sharp decline in crude by 7% overnight, reaffirmation of accommodative monetary stance by the Fed & resumption of FII buying are clear positives. But the second wave of Covid, particularly in the economically crucial state of Maharashtra, the rise in US bond yield above 1.7% and sustained DII selling are negatives. The market direction in the short-term will be decided by either the positive or negative factors gaining traction, going forward. Investors will have to wait & watch"
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