Morning Market Quote : Investors can buy high quality stocks in capital goods and cement at current levels Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on Morning Market 07 December 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The near-term cues have turned negative once again with weakness in the mother market, the US. Talks of longer-than-expected recession have again surfaced and negative comments from influential voices like that of Jamie Dimon are impacting sentiments. In such a scenario there are no positive triggers that can take the market much higher from here. Since India’s growth resilience looks impressive the market is unlikely to dip sharply. Buying will emerge on declines. Leading PSB banks have potential to move up further and valuations are still attractive. Investors can buy high quality stocks in capital goods and cement at current levels."
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