Morning market quote : Even though the market is showing resilience, the undercurrent is weak Says Dr. V K Vijayakumar, Geojit Financial Services

28-09-2023 10:14 AM | Source: Geojit Financial Services

Morning market quote : Even though the market is showing resilience, the undercurrent is weak Says Dr. V K Vijayakumar, Geojit Financial Services

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Below Quote On Morning Market 28 September 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Even though the market is showing resilience, the undercurrent is weak. The dollar index at 106.59, the U.S. 10-year bond yield at 4.62% and Brent crude above $97 are strong headwinds that can pull the market down. FIIs who have sold for Rs 21640 in the cash market in September, so far, are likely to sell more.

Investors have to be cautious at this stage. Profit booking in the mid-and small-cap stocks which have shot up on hope and aggressive buying would be a good strategy. There is safety in large-caps, particularly in segments like banking/financials, capital goods and autos."

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Morning market quote : Even though the market is showing resilience, the undercurrent is weak Says Dr. V K Vijayakumar, Geojit Financial Services

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