Quote on Morning market 24 June 2022 By Dr. V K Vijayakumar, Geojit Financial
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/c852e06528b5494d55d996a438c2063f.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is quote on Morning market 24 June 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"There are some clear economic and market trends. Leading indicators such as PMI and retail sales in Europe and US indicate economic slowdown. Most central banks of the world are hiking rates in this slowdown. Therefore, the slowdown will continue and may aggravate pushing the US economy into recession. Since the market knows this, equities are in oversold territory, triggering short-term upmoves. The whipsaw movement in Nifty yesterday reflects this uncertainty, confusion and lack of direction.
Accenture's results indicate continued robust demand for IT. Indian IT companies' Q1 results are likely to be very good, but the stock movements will be decided by their FY23 guidance.
A Crash in metal prices is a strong positive for autos."
.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Manali_1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gulf Oil Lubricants.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Hotels.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajmera Realty.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Pharma Sector 56.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MoU Signing (1) 23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Hotel.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ShaktikantDas080324.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Realestate04.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f6904419b2f1cb985436195010d0ee3d.jpg)
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
![Morning Market Quote :In spite of this net institutional selling Nifty is up by 434 points for the month so far Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/d04a18db325c9705186bbe1f1e7e84e6.jpg)
![Quote on the Impact on sectors ahead of G20 Summit 2023 from Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/85c397d2a314597b8ca2248ac54a6e69.jpg)