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Quote on Morning Market 29 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Nifty rising to a new record of 18,614 is indicative of the underlying bullishness in the market. But the global market construct is not very favourable for  the rally to continue unabated. Also the high valuation in India is becoming a matter of concern. The troubles in China are a matter of concern but it is too early to judge its impact on the global economy. This is an issue that has to be watched closely. Meanwhile, domestic economic cues continue to be positive. The September quarter credit growth has risen to an impressive 17.2 % and the employment by listed companies has crossed the 10m mark in 2021-22. Banking stocks can remain resilient in spite of record levels. Comments and indications on the trajectory of US interest rates are more likely to impact global equity markets more than anything else."

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