Morning Market Quote : Market movements this month are likely to be significantly Says Dr. V K Vijayakumar, Geojit Financial
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Quote on Morning market 04 July 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Market movements this month are likely to be significantly influenced by the Q1 results starting with TCS's results on 8th July. More than the actual numbers, the market will be focussed on the guidance. Similarly, in financials particularly banking, the market will be keen to know the trends in credit growth rather than the decline in treasury income, which is already known.
The buoyancy in GST collections and June auto numbers indicate that economic recovery is gaining momentum, in spite of many headwinds, and this bodes well for the market's performance in H2 FY23.
In the present context of high near-term uncertainty, the best strategy for investors would be to buy high-quality large-caps in a calibrated manner and wait with patience."
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