Quote on Morning market 08 February 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 08 February 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The market has started discounting a hawkish Fed and the possible fallout from the Russia-Ukraine tensions. The former is partly discounted by the market while the latter is not. This uncertainty is likely to keep the market in uncharted territory in the short- term till clarity emerges on these issues.DIIs also turning sellers is a reflection of this concern.
An interesting trend in the market is that selling is in large-caps. High quality large-caps like the HDFC twins are hammered by the bears just because FIIs hold a large quantity of these stocks and the bears expect FIIs to sell them more, irrespective of their solid fundamentals and earnings visibility. Such aberrations in the market can be buying opportunities for discerning long-term investors"
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