Morning market quote : An important trend in the market is the increasing clout of DIIs Says Dr. V K Vijayakumar, Geojit Financial Services
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Below Quote On Morning Market 16 November 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The resilience of the market and strong up moves on favourable days like yesterday have forced a rethinking in FPI strategy. That’s why they bought for Rs 550 crores yesterday after sustained selling in all other days of November.
FIIs turning buyers is favourable for banking stocks, particularly the large caps, which are attractively valued. Automobiles are on a strong wicket."
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