Morning Market Quote : The Bank Nifty is strong and is likely to remain strong Says Dr. V K Vijayakumar, Geojit Financial
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Quote on Morning market 25 August 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The resilience of the Indian market even amidst global volatility can be attributed mainly to two factors: One, the strong growth momentum in the economy and two, the steady FII flows even when the Dollar has been appreciating. The FII inflows are steady since the market perception is that the dollar has peaked. So the near-term texture of the market is likely to remain 'buy on dips.'
The Bank Nifty is strong and is likely to remain strong since it has fundamental support. Large-caps are better placed in the current phase of the market. The resilience of the capital goods segment reflects the expanding capex cycle theme.
Above views are of the author and not of the website kindly read disclaimer
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