Quote on Morning market 11 January 2022 By Dr. V K Vijayakumar, Geojit Financial
Below is quote on Morning market 11 January 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Contrary to expectations of modest returns in 2022 the year has started with 4% appreciation in Nifty so far in January. The surge is led by the justifiable uptrend in Bank Nifty which is up by 8% till 10th Jan. Good Q3 results expected from financials, particularly leading banks, IT, metals, telecom and oil and gas are driving the current momentum in stocks.
However, an area of serious concern is the unbridled speculation in low-grade stocks, the cats and dogs. "Flying cats and dogs" is an indication of imminent correction. Chasing cats and dogs has always ended in grief. Therefore, investors have to be careful and stick to quality.
Nasdaq which was 3% lower in early trade yesterday, ending in positive territory, is an indication of highly volatile days ahead"
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