Quote on Morning market 24 June 2021 By V K Vijayakumar, Geojit Financial
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Below are Quote on Morning market 24 June 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The fundamental support to the highly valued markets comes from the ongoing economic recovery and the expected sharp rebound in earnings. US, China & parts of Europe are staging a smart economic rebound. In India even though unemployment is high and consequently aggregate demand is a concern, the organised sector is doing well supported by market share gain at the expense of the unorganised sector, lower corporate tax, cost-cutting and lower interest cost. Segments like IT, metals & pharma have favourable tailwinds. Since valuations are high investors should moderate their return expectations and extend their investment time horizon. Even in these highly valued markets, there are pockets of value in leading financials, pharma and top telecom stocks"
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