Quote on Morning market 1st February 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 1st February 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Economic Survey's projection of 8 to 8.5% GDP growth for FY23 on top of the 9.2% growth in FY22 reflects good growth momentum in the economy, which needs to be sustained. The Survey's confident message that there is enough fiscal room for capex indicates that the government is likely to give further push to infra spending in the Budget. Since growth is not widespread, the Budget is likely to give more relief for the stressed MSME segment.
The smart rebound in global markets led by the US and budget expectations have fuelled a late pre-Budget rally. But the relentless selling by FIIs is likely to put a cap to the rally in the short to medium term"
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