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Below are Views On Underperformance of the Indian market during the last many days is striking By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Underperformance of the Indian market during the last many days is striking. The prime mover of this downtrend in the market is the FII selling ( Rs 3384 cr yesterday), which, in turn, has been triggered by concerns surrounding the impact of the second wave of Covid attack. Now, we don't have clarity on the intensity of the second wave. It is largely confined to some districts with rural India unaffected. The second wave is unlikely to have a major impact on growth and corporate earnings. But the jury is still out on this. This exceedingly volatile phase of the market is turning out to be difficult terrain for traders. But, for long-term investors dips will provide opportunities to buy quality stocks. IT, financials, cement, chemicals are good bets"

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