Morning Market Quote : There is global support to the ongoing rally in the Indian market Says Dr. V K Vijayakumar, Geojit Financial Services
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/04/9955ced20aa12095106604701d78b298.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Quote On Morning Market 28 April 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
There is global support to the ongoing rally in the Indian market. The mother market, US, is doing well supported by better-than-expected earnings from Big Tech companies. The latest GDP numbers from the US indicate a strong but slowing economy. Markets are now discounting a 25 bp rate hike by the Fed next week and then a pause. This will be favourable for the market in the short-term.
Since the Nifty has moved up by 5% in the April series, some profit booking can happen in the near-term. An important sectoral trend in the market is that while large-cap IT has been performing poorly, mid-cap is doing well and some of them have given optimistic guidance for FY24. Stay invested in mid-cap IT. Long-term investors can utilise weakness in large-cap IT to accumulate these stocks. Banking stocks will remain resilient.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Top News
![](https://portfolio.investmentguruindia.com/uploads/news/JP Morgan_34.jpg)
Most JP Morgan index clients set up to invest directly in Indian government bonds, says offi...
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/2ab05d5926e642ed8e8e33ad4ce15e0b.jpg)
Quote on today`s Nifty 04th October 2021 by Rohit Singre, LKP Securities
![Quote On Bank Nifty :The Bank Nifty index witnessed some selling pressure on the higher end Says Kunal Shah, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/6fa4f96476aa6be8bb1eb8d083b4243a.jpg)
![Weekly Wrap Up : Winning streak continues for third straight week; Nifty ends tad below 20200 Says Mr. Rajesh Bhosale, Angel One Ltd](https://portfolio.investmentguruindia.com/uploads/news/f4ca2470a0dc2f276e60ced2d9d19241.jpg)
![Morning Market Quote : A paradox in the economy-market connect is that good news on the economy Says Dr. V K Vijayakumar, Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/b904eaaa06e4f0091c25a25cbc32e341.jpg)