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01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Quote on Morning market 16 August 2021 By Dr. V K Vijayakumar, Geojit Financial
News By Tags | #607 #4943 #879

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Below is quote on Morning market 16 August 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The current trend in the market is the comeback of high-quality large-caps like HDFC twins, RIL, Bharti, and Kotak Bank, while the mid-and small-caps are languishing. This has pushed up the Nifty by 4.9% so far this month while the small-cap index is down 3%. This is a desirable healthy development since the market is slowly removing the froth in the broader market space. Investors should stick to quality in this over-valued market. Quality always delivers in the long-term even if there can be short-term pains.

Investors should be mindful of geopolitical developments like the unfolding tragedy in Afghanistan. Issues that may appear unconnected to markets can suddenly develop into a crisis with far-reaching consequences. Since institutions - both FIIs and DIIs - are not on-sell- mode and retail are buying on every dip, the market is likely to remain resilient"

 

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