Quote on Morning market 26 May 2022 By Dr. V K Vijayakumar, Geojit Financial
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 26 May 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
There are indications of market stabilising and consolidating around current levels. In the mother market, US, there is a strong view that the fears of recession are overdone. The S&P 500 bouncing back from the 19% correction from the peak is, perhaps, a message from the market that the steep correction is over.
For the Indian economy, elevated crude prices will continue to be a major headwind and sustained FPI selling, which can be expected to continue, will be a major hurdle for the market to rally.
Market trend continues to be uncertain and, therefore, what investors can do now is to buy high quality stocks for medium to long-term. Financials, particularly leading banks, are good buys for the medium to long-term.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
More News
Market Quote : Following gains in global equities, early losses in the domestic market were...
