IGI Logo

Quote on Morning market 7 October  2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"An important data which can influence markets globally is the US jobs data expected tonight. Paradoxically, good jobs numbers will be negative for markets since the Fed will have to continue with its hawkish stance if the economy continues to be strong. On the other hand if the jobs data is weak the Fed might infer that the economy is slowing down and, therefore, may go slow on tightening. This would be good for equity markets. So, investors may wait and watch these developments. The fact that FIIs have stopped selling and have turned buyers, though in small quantities, is positive for markets. For FIIs now stocks are available only at high prices. So they will be careful while selling.Financials, autos and capital goods are likely to do well even in a weak market. IT Q2 results may surprise on the upside."

Above views are of the author and not of the website kindly read disclaimer