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Quote on Morning Market 08 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The important takeaway from Q2 results is the excellent performance of the banking segment aided by impressive credit growth, improving asset quality and rising margins. This trend is likely to continue in the coming quarters too. From the market perspective an important trend is that the price differential between private and PSU banks is getting narrower. Autos, particularly the premium segment, has done well. Capital goods is another bright spot and the order book indicates good times ahead. IT results have been on expected lines with decent growth. The weakest segment is commodities - oil and gas, metals, and cement. In pharma, Sun Pharma has reported stellar performance amidst mostly disappointing results in the sector. Market is responding to good numbers and punishing worse than expected results."

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