2024-10-28 09:42:31 am | Source: Geojit Financial Services Ltd
The trend of flight to quality is likely to sustain given the good numbers from banking majors like HDFC Bank and ICICI Bank where valuations continue to be fair. Investors can profit from these polarised valuations.
The global market structure may turn favourable after the subdued Israeli strikes against Iran avoiding the Iranian oil fields which has resulted in a sharp drop in crude prices. The imminent US presidential elections and the uncertainty associated with that will continue to weigh on markets."
Morning Market Quote : A significant market trend during the recent days of market correction is the flight to quality Says Dr. V K Vijayakumar, Geojit Financial Services
Below the Quote on Morning Market Quote : A significant market trend during the recent days of market correction is the flight to quality Says Dr. V K Vijayakumar, Geojit Financial Services
"A significant market trend during the recent days of market correction is the flight to quality. While the Nifty corrected by 8.3% from the recent peak, the mid and small cap indices corrected by 9.8% and 9.3% respectively from their recent peaks. Actually the index movements conceal the carnage in the mid and smallcaps where the correction has been above 30% in dozens of stocks and even by more than 40% in some momentum stocks. It is important to know that many largecaps are steady in this volatile market.
The trend of flight to quality is likely to sustain given the good numbers from banking majors like HDFC Bank and ICICI Bank where valuations continue to be fair. Investors can profit from these polarised valuations.
The global market structure may turn favourable after the subdued Israeli strikes against Iran avoiding the Iranian oil fields which has resulted in a sharp drop in crude prices. The imminent US presidential elections and the uncertainty associated with that will continue to weigh on markets."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Government to ensure fair marketplace, ease of doing...
India`s energy transition journey is boosting farmer...
Rajasthan: 37,251 domestic electricity connections i...
Germany aims to finalise Free Trade Deal with India ...
Seshasayee Paper Q2 net profit falls 21 pc to Rs 22....
Piyush Goyal set to address India`s deeptech ecosystem
Kotak Mahindra Bank`s Q2 net profit dips 2.7 pc to R...
India aims for 350 airports by 2047: Civil Aviation ...
Reliance, Meta announce new Rs 855 crore AI joint ve...
RBI proposes to allow banks to finance corporate acq...
More News
Daily Market Commentary : Nifty up 93 pts to 25,423 after by Siddhartha Khemka, Motilal Oswa...
Quote on Market 23 May 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
Market Quote : Broader Market Sees Profit Booking After Six-Day Recovery Rally Says Vinod Nair, Head of Research, Geojit Financ...
Market Wrap Up : The markets began the week on a positive note, gaining over half a percent amid mixed signals by Mr. Ajit Mish...