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Quote on Morning market 15 Septembar  2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"There are two broad market trends now. One, globally markets have turned weak on renewed inflation concerns and the market consensus is that the Fed's terminal rate would be clearly above 4%. This will weigh on global markets. Two, India's outperformance is strong and consistent. This has fundamental support from a strong economy and good earnings visibility. There is a clear message from the performance of S&P 500 ( down 18% YTD) and Nifty (up 3.6% YTD).

This divergence in performance between global and Indian markets has steam to sustain in the near-term.

Yesterday's strong market performance validates the success of the 'buy on dips' strategy. Buyers are chasing banks, autos, FMCG, telecom and construction related segments which are likely to come out with good results in the coming quarters.

Even while remaining invested, investors should exercise some caution arising from high valuation."

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