Market trend remains uncertain since there are both positive & negative factors By Dr. V K Vijayakumar, Geojit Financial
Below are Views On Market trend remains uncertain since there are both positive & negative factors By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Market trend remains uncertain since there are both positive & negative factors impacting stock prices. For now, it appears that the crucial US 10-year bond yield has stabilised. This will remove the fear of large scale bond selling threatening the equity bulls. At the same time, we are witnessing FII selling (Rs 787 crores yesterday )in many bluechip large-caps, impacting sentiments. This has also led to mid-cap outperformance. Fears of the second wave of the pandemic impacting GDP growth in FY 22 also might be leading to selling in the economy- facing stocks like banks. Investors may consider buying into such large-caps on declines. A major macro positive is a sharp rise in tax collections which will put government finances in better shape"
Above views are of the author and not of the website kindly read disclaimer
Top News
Ramkrishna Forgings rises on getting nod to acquire upto 51% voting rights in TSUYO Manufact...
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Quote on Bank Nifty : The index remains in a sell-on-rise mode with strong resistance at 41,...