Morning Market Quote : December has been weak for equity markets globally Says Dr. V K Vijayakumar, Geojit Financial Services

2024-12-31 09:41:10 am | Source: Geojit Financial Services Ltd.

Morning Market Quote : December has been weak for equity markets globally Says Dr. V K Vijayakumar, Geojit Financial Services

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Below the Morning market views from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

"December has been weak for equity markets globally. S&P 500 is down by 2.34% and Nifty is down by 2.6%. Markets are preparing to move into the New Year with caution since uncertainty is high and valuations are stretched.

The high U.S. bond yield and strong dollar will ensure that FIIs will continue to sell on every rise. DII buying will not be strong enough to take the market much higher. The fact is that even the DIIs and HNIs don’t have the conviction to accumulate stocks, except in certain pockets of fair value. Conviction to accumulate stocks will emerge only when macro indicators suggest recovery in growth and earnings. Watch out for the Q3 results starting from January 10th to identify companies reporting good numbers despite the growth slowdown."

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Morning Market Quote : December has been weak for equity markets globally Says Dr. V K Vijayakumar, Geojit Financial Services

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