Quote on markets: It appears that the market may remain resilient Says Dr. V K Vijayakumar, Geojit Financial
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Quote on markets at 4-month high By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The ferocity of this rally has proved wrong the majority of experts who believed that this is a bear market rally. It appears that the market may remain resilient. There is global support to this rally since Nasdaq and S&P 500 have rebounded by 24% and 18% from the June lows. Nifty too has rebounded 18% from the June lows. The decline in inflation has increased the possibility of a soft landing for the US economy. In India, the decline in inflation, declining crude, strong growth momentum, good monsoon and above all FIIs turning consistent buyers have turned the sentiments in favour of the bulls. However, high valuation is a concern"
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