Morning Market Quote : Sectoral trends within this consolidation phase that are significant from an investor perspective Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote On Morning Market 20 April 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
In the absence of strong positive or negative triggers, the current consolidation phase will continue. There are some sectoral trends within this consolidation phase that are significant from an investor perspective. One, IT is weak and might continue to remain weak. Two, pharma is showing resilience and this sector stands to benefit from the recent spread of Covid, though mild, in many places. Three, new age digital consumer stocks are showing strength. Institutional accumulation is happening in some of these stocks and at current levels, their risk-reward ratio appears favourable.
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