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Below Quote On Morning Market 06 December 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

"Even though the undertone is bullish, the market is likely to consolidate in the near-term since up moves will be countered with profit booking by DIIs and individual investors who are sitting on big profits. Dips will be bought by FIIs who have emerged as sustained buyers. The continuous decline in U.S. bond yields ( the 10-year yield is now below 4.20 %) will ensure FII buying.
During the medium term, in the run up to the General elections, the market is likely to move up aided by three factors: one, expectations of political stability after the elections; two, favourable domestic macros like strong GDP growth, declining inflation, stable interest rates and soft crude;and three, favourable global cues from declining  US bond yields.Bank Nifty will continue to be resilient."

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