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Below is Quote On Morning Market 12 April 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

There are some clear trends in the market now. Confidence and stability have returned to the market helping Nifty to rise by 4.5% from the March lows. This, in turn, has been facilitated mainly by the sustained buying by FIIs. The correlation between eight straight days of FII buying and seven straight days of Nifty appreciation is significant. Another trend is that beyond sectoral moves like strength in banking and autos and weakness in IT, there are bouts of activity in individual stocks. This stock-specific action triggered by results/news is likely to gather momentum in the coming days. For equity markets, globally, today’s March US inflation data is crucial since it will determine the Fed response in the May policy meeting. March CPI print in India, too, will be keenly watched.

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