28-10-2024 09:42 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
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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."
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