Morning Market Quote : A section of market participants now feel more optimistic Says Dr. V K Vijayakumar, Geojit Financial
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Quote on Morning market 18 October 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The whipsaw movement in the mother market of the US is a reflection of the fast changing perception about the US inflation expectations, terminal Fed rate and direction of the US economy. A section of market participants now feel more optimistic about a soft landing of the US economy and have now turned bullish about the market. It remains to be seen whether this view gathers wider acceptance and sustains.In India bulls are gaining strength aided by India’s growth outperformance, good early Q2 results, declining FII selling, steadily rising DII buying and the optimism ushered in by the festive season. Bank Nifty is resilient with the potential to take banking stocks as well as Nifty higher."
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