Morning Market Quote : The weakness in the market is likely to continue in the near-term Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on Morning Market 22 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The weakness in the market is likely to continue in the near-term. With the dollar index rebounding to above 108, FIIs may sell again or at least refrain from big buying. There are no positive triggers now that can take the market much higher from the current levels. The Covid spread in China is likely to impact Chinese growth and, therefore, further weakness in crude and metals is likely. Long-term investors can utilize the weakness in the market to buy high quality stocks in banking, telecom, capital goods, IT and autos and blue chips across sectors."
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