Morning market quote from Dr. V K Vijayakumar, Geojit Financial Services
Below are Views On Morning market quote from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"We are now in a highly volatile phase where the market swings on a daily basis, responding to major triggers. The major trigger now is the US bond yield which has the potential to move huge money. Rising bond yield triggers selling in equity markets and when yields cool down buying resumes. Bear hammering and short covering are making markets excessively volatile. Consecutive 2 days of institutional selling - by both FIIs & DIIs- weakened the Indian market. But this is not a directional trend. Post the FOMC Meet & a possible affirmation of the dovish stance by the Fed, the market may resume its upward move. Presently top quality financials present a buying opportunity"
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