Quote on Morning market 26 May 2022 By Dr. V K Vijayakumar, Geojit Financial
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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
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