Morning Market Quote : The strongest tailwind for equity markets globally is the peaking of inflation in the US Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on Morning Market 15 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The strongest tailwind for equity markets globally is the peaking of inflation in the US and the possibility of a slower pace of rate hikes. In tune with this trend, CPI inflation in India, too, has declined to 6.7 % in October from 7.4 % in September. The decline in crude to $92 dollars is another positive. All these can take the Nifty to a new record, but in typical market characteristics, it may not happen when the consensus expects it to happen. A healthy trend in the market now is the slow accumulation in high quality large-caps. Sustained buying by the FIIs is supporting this trend. Some profit booking may be considered in mid and small-caps which have run up on good results."
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