Morning Market Quote : The strong momentum and favourable sentiments in the market can take the Nifty to record highs soon Says Dr. V K Vijayakumar Geojit Financial
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Quote on Morning Market 09 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The strong momentum and favourable sentiments in the market can take the Nifty to record highs soon. The favourable tailwind from the mother market US and the sustained FII buying are strong positives. If the US CPI numbers due tomorrow indicate moderation in inflation, that would be a powerful trigger to push the market higher. Since India is the best performing large market in the world this year, FIIs can’t afford to miss the rally. This is the reason why FIIs have been sustained buyers during the last 8 trading sessions with a total buy figure of Rs 16670 crores. The dip in the dollar index below 110 will nudge FIIs to buy more. Nifty is likely to face a significant correction only after crossing the all-time high 18604."
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