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Quote On Morning Market 10 February 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

With the Budget, monetary policy and earnings season behind us, there are no major triggers to take the market forward. Rallies are likely to be sold into since FIIs have been sustained sellers in the market from the beginning of 2023. But, the fact that FII selling has declined to Rs 144 crores (on 9th February) is a positive.
A healthy trend in the market is the sustained rise in SIPs into equity which has touched Rs 13856 crores in January this year. Rising inflows when the market is weak is a very healthy trend and can act as a counter to the rising FII outflows. This will bring stability to the market.
Q3 results from the broader market indicate pressure on margins. Many mid and smallcap results are disappointing. Now, safety is in large caps. Investors should focus on segments where earnings visibility is good, like capital goods, IT and banking.

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