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Quote on Morning market 04 August  2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"In the mother market of the US, markets are climbing many walls of worries including the US-China skirmishes arising from Nancy Pelosi's visit to Taiwan. Other markets are taking cues from the strong trend in the US market. In India, the FPIs turning buyers has changed the sentiments in favour of the bulls. The market momentum is so strong that it is overpowering negatives like higher valuations and rising trade deficit. If FPI buying sustains, the market may continue to remain resilient, but investors should exercise some caution. It makes sense to stick with high quality growth stocks. The strength in Nasdaq indicates that IT will continue to maintain the current uptrend."

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