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Quote On Morning Market 15 March 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The US inflation print for February which came at 6% year-on-year is indicative of disinflation but the decline is at a pace much lower than what the Fed would like. So it would be realistic to expect a 25 bp hike in rate in the March 22 Fed meeting. This will restrain equity markets from staging a rally. The US bank crisis will be on back burner for now since the crisis news was overdone. For FIIs, the current negative sentiments in the market is favourable for sustained selling, which they have been doing for the last four sessions. Since the Indian economy is strong and the banking system is robust, long-term investors can utilise the weakness in the market to accumulate high quality stocks, particularly large-caps. Capital goods is a strong segment.

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