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Quote on Morning market 14 Septembar  2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The 4.32% and 5.12% cut in S&P 500 and Nasdaq yesterday again reminds us that there is more uncertainty about inflation and growth and more volatility ahead for markets. The worse-than-expected CPI inflation data in the US, despite cooling gas prices, was a surprise. Now the market fears that inflation is getting entrenched and an ultra-hawkish Fed might trigger a hard landing for the US economy. This thinking too, might change when new data emerges. The 'buy on dips' strategy has been working very well in India for more than a month now.  Investors should watch out whether this strategy continues to work. Aggressive buy on dips is better avoided. Wait for clarity to emerge.

Domestic-economy facing stocks like high quality financials, capital goods, autos, segments of FMCG and telecom are relatively safe now. Global economy-facing stocks like IT and metals are likely to be under pressure."