Investors can continue to accumulate high quality large-caps, particularly in banking Says Dr. V K Vijayakumar, Geojit Financial Services
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Below Quote On Morning Market 22 November 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The uptrend in the market is intact with global support coming from the easing US bond yields. The US 10-year bond yield at 4 percent is a strong pillar of support for equity markets. Resilience in large-caps like RIL, Bharti and HDFC Bank can continue to support the uptrend. An important market technique is that the daily market range is getting narrower. This may preclude sharp moves in the market. Today the focus of the market will be on the opening of the four IPOs. Lot of money is likely to go into the high quality Tata Technology IPO. Investors can continue to accumulate high quality large-caps, particularly in banking and autos where the margin of safety is high."
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