Quote on Morning market 13 January 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 13 January 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The market is now completely under the control of bulls and is set to move higher. Having realised that even their relentless selling has not brought the markets down, as perhaps they expected, the FIIs are now on the backfoot. Seizing the opportunity, the exuberant retail investors assisted by the DIIs flush with funds are driving the markets up. There is a positive and a negative dimension to this rally. The positive is that high quality large-caps are leading this rally. The negative is that many low-grade stocks which don't justify any investment are going up. Newbie retail investors chasing low-grade stocks will lose money.
The results of IT majors reinforce the fact that the industry is in a multi-year expansion cycle. In Q3 Infy has done an Usain Bolt leaving others far behind"
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