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Below is quote on Morning market 28th October 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Q2 results, so far, shows a sharp turnaround in India Inc's profitability, and the present demand conditions indicate a continuation of this positive trend. However, in the coming days, the primary market with its keenly watched IPOs is likely to be the centre of attraction. The Nykaa and Paytm IPOs totalling around Rs 24000 cr are likely to witness enthusiastic investor response and this will drain away some liquidity from the secondary market. This may keep the secondary market rather subdued, but sharp reactions to results will lead to volatility in individual stocks.

On the flip side, the new Covid variant AY 4.2 has emerged as a new concern.

China imposing price curbs on coal will have implications for global coal and metal prices. This can restrain the rally in metal stocks, which has been the best performing segment of the market in this rally"

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