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Quote on Morning market 3 October  2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Even though there are global challenges for equity markets, India's outperformance is likely to continue. A significant trend in the market now is the dominance of DIIs and retail investors over FIIs. Last Friday when FIIs sold equity worth Rs 1545 crores in the cash market DIIs bought equity for Rs 3245 crores. If this kind of dominance of DIIs and retail investors can be sustained, FIIs will have to slow down their selling even in the context of rising dollar and bond yields in the US. Re-entry for FIIs will be expensive since DIIs and retail will not easily sell back the stocks which FIIs have sold.
Auto numbers for September confirm the strong auto rebound trend. There is more room for CV, PV and select 2-wheeler stocks  to move up.
The fears regarding the Credit Suisse crisis are unlikely to impact the markets since it doesn’t have the potential to become a systemic crisis."

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