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Below is quote on Morning market 01 April  2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"As we begin the new financial year markets are in uncertain territory. Globally the major headwinds for equity markets are declining liquidity, persistently high inflation in the US and an increasingly hawkish Fed. On the positive side, the negative real returns from fixed income is prompting the increasing tribe of retail investors to pour more money into  equity. This  strong new trend which is very conspicuous in India has the potential to keep the markets resilient even in the midst of the uncertainty caused by the Ukraine war.

For FY 23 the prospects for financials, IT, telecom, capital goods and pharma look good. FMCG, cement and autos are likely to face margin pressure.
Crude at $104 is a short-term positive"

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