Quote on Morning market 27 May 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 27 May 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Market data indicate that the weakness in the US market is coming to an end. The Fed minutes suggest pausing by year end after front- loading rate hikes. Also, there are indications of the US economy slowing down which will enable the Fed to be less hawkish than the market discounted."
"FPI selling, the main trigger for the market weakness in India, is showing signs of exhaustion. DII and retail buying and overwhelming FPI selling along with short covering can trigger a near-term rally. High quality large-caps can stage a rally. Leading banks are safe bets."
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