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Quote on Morning Market 17 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The fact that Sensex and Nifty are at record closing highs tells us that the Buy on Dips strategy has worked well in this market. Therefore, this strategy can be expected to work, going forward, too.  High quality stocks in banking, IT, telecom and capital goods form the backbone of this large-cap driven rally. Dips in this segment are likely to get bought. India is the only large market that crossed previous record highs. This will stand the market in good stead. Even though the mother market US has turned a bit weak, the sustained fall in US bond yields is a positive for emerging markets like India. The mid- and small-cap indices are likely to remain weak."

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