IGI Logo

Below are Quote on Morning market 21 May 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Good Q4 results continue to flow pushing up stock prices, particularly of mid-caps. Mid-cap outperformance continues with the Nifty Mid-cap Index up by 4.5% in May so far while Nifty is up by 2% only. This trend is likely to continue. The weak segment in the market now is banking. Even high-quality bank stocks are coming under pressure on concerns arising from potential NPAs and low credit growth. The rally in PSU banks is a value trade. The weakness in the banking segment may be used to buy the private sector leaders whose long-term prospects are extremely bright. When the economic cycle turns decisively, credit growth will pick up smartly. The large well-capitalized private sector banks are uniquely placed to benefit from this emerging trend"

Above views are of the author and not of the website kindly read disclaimer