320-x-100_uti_gold.jpg" alt="Advertisement">
Quote on Morning market 09 November 2021 By Dr. V K Vijayakumar, Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below is quote on Morning market 09 November 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Investors have to always remember the fact that this bull run is global with India outperforming. In the mother market US, S&P 500 is up 25% YTD and in India, Nifty is up by 29% YTD. The correlation between markets is very high globally. Therefore, a correction also is likely to be global. There are no visible triggers for a correction presently.
FIIs, who used to dictate market trends, are now playing second fiddle in Indian markets with DIIs and retail investors calling the shots. Big FII selling in July (Rs 11308 cr) and October (Rs 13550 cr)didn't impact the market. Yesterday FII selling of Rs 861cr was overwhelmed by the DII buying of Rs 1912 cr. So long as this trend continues, markets will remain resilient despite high valuations.
An important feature of DII activity now is buying in large caps. There is a near consensus that the returns in 2022 will be modest and therefore, safety will be in performing large-caps"
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
