Market Quote : The significant feature of the recent trend in the market is the lack of volatility SaysDr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

30-08-2024 09:54 AM | Source: Geojit Financial Services

Market Quote : The significant feature of the recent trend in the market is the lack of volatility SaysDr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #GeojitFinancialServicesLtd #DrVKVijayakumar

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Below the Quote on Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

"The significant feature of the recent trend in the market is the lack of volatility. The market has been steadily climbing up during the last 11 trading sessions with volatility index VIX declining to 13.79. Continuation of accumulation of quality largecaps by the DIIs and HNIs and the FIIs reducing their selling significantly and buying on certain days have contributed to the resilience of the market.

This near-term trend in the market is likely to continue. A breakout from the present can happen if the banking stocks witness big buying. But the struggle for deposits experienced by the banking system and the consequent feared pressure on margins are keeping the demand for banking stocks depressed despite attractive valuations. Largecaps are outperforming the broader market now. This is a healthy trend."

Above views are of the author and not of the website kindly read disclaimer

IGI Logo

Market Quote : The significant feature of the recent trend in the market is the lack of volatility SaysDr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

Top News

Tag News

More News