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Below the Quote on Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

"Dow moving past 45000 for the first time is an indicator of the strength of the US market rally. The macro construct in the US - strong growth and declining inflation- supports this rally. The Fed chief Powell’s remark yesterday that the “economy is in remarkably good shape” is a shot in the arm for the US bulls. However, there is a concern that the valuations in the US are getting stretched. This concern about high valuations is true in India, too. In a bull market, valuations can get stretched and, therefore, some caution is always good.
 
FIIs turning buyers is positive for markets, particularly for largecaps. The strength in banking stocks has the potential to take the Bank Nifty towards all-time highs. This can help Nifty,too, to move higher."

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