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Below is Quote On Morning Market 05 April 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Data regarding deposit growth and loan disbursements from financial majors indicate robust credit demand in the economy. This leading indicator reinforces the view that economic growth will be above 6% for FY24. Along with this positive data, improving macros-declining FD and CAD-augur well for the prospects for growth and corporate earnings in FY24. Financials led by the HDFC twins will continue to do well. The MPC decision tomorrow is unlikely to spring any surprises. A 25 bp hike in rates and continuation of the stance of withdrawal of accommodation is the most likely outcome. The coming days will witness lots of stock specific action in response to Q4 results. The market would be keenly watching the guidance from IT majors.

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