Quote on Morning market 06 April 2022 By Dr. V K Vijayakumar, Geojit Financial
Below is quote on Morning market 06 April 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Market has bounced back smartly from the recent Nifty low of below 16000 to around 18000 level assisted by positive news on the economy, crude declining from the peak of $ 139 and the proposed merger of the HDFC twins. Data relating to GST and credit growth indicate smart economic recovery and corporate tax collections for FY 22 indicate earnings momentum. But since valuations are again high there will be selling at higher levels and therefore the market is likely to consolidate around current levels with subdued volatility in the near term"
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