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Below are Quote on Morning market 10 May 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The resilience of the market in the midst of the tragic health crisis might appear irrational to most observers. But it is important to discern the cold economic/financial logic that drives markets. Markets focus on earnings, particularly future earnings. Trends indicate robust future earnings, particularly from segments like IT, pharma, leading financials and metals. Consumer discretionary is, however, on a sticky wicket. This segment, particularly autos, might witness earnings downgrades.

The global economic backdrop is favourable with strong economic recovery led by US, China and most parts of Europe. In India, fresh Covid cases are declining in Maharashtra, Madhya Pradesh & Delhi. The market is likely to take cues from the positive data"

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