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The global market construct continues to be favorable for the bulls Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote On Morning Market 18 July 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The global market construct continues to be favorable for the bulls. The declining dollar and the capital flows to emerging markets that it triggers can impart resilience to the market. However, high valuations and possible profit booking can restrain the rally. A healthy consolidation can be the near-term trend.
Since the market has run up too much, too fast, a correction can happen at any time. Some profit booking at the present level can be considered.
Good results from HDFC Bank augurs well for Bank Nifty. More good results from banking stocks are likely.
Above views are of the author and not of the website kindly read disclaimer
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