15-09-2023 09:40 AM | Source: Geojit Financial Services
Morning Market Quote : Even though the undercurrent of the market is bullish the high valuations Says Dr. V K Vijayakumar, Geojit Financial Services
Quote On Morning Market 15 September 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The participation of bluechips like Infosys, RIL, L&T, HDFC Bank and ICICI Bank has imparted resilience to the ongoing rally. Even though the undercurrent of the market is bullish the high valuations and new risks like surging crude and rising dollar index can impact the market negatively. Brent crude at $94 is a major macro worry which the market cannot ignore for long. The rising dollar index which has breached 105 and the attractive US bond yields (10-year at 4.28%) will force the FIIs to sell aggressively soon.
Even while remaining invested in this rally investors can consider some profit booking, particularly in the over-heated mid-and small-cap space. In the micro-cap segment, hope and momentum, not fundamentals are driving the rally."Above views are of the author and not of the website kindly read disclaimer
Latest News
Unbelievable scenes! Jam-packed Mumbai awaits team I...
Market Explorer - July 2024 by Religare Broking Ltd
HDFC Bank`s June-quarter gross advances down 0.8% se...
Zomato relaunches `Intercity Legends` service with m...
Buy Gold Above 72500 SL Below 72300 TGT 72800/73100 ...
Government slashes licence fee for women entrepreneu...
Die-hard fans wave tricolours as team India reaches ...
Residential Prices in Bengaluru See 57% 5-Year Jump,...
``It won`t let you down?``Tahira Kashyap Khurrana as...
Market Wrap Up by Shrikant Chouhan, Head Equity Rese...
Tag News
Market Explorer - July 2024 by Religare Broking Ltd
Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd
Sensex closes above 80,000 for first time, Nifty at 24,302
Daily Market Analysis : The markets traded within a narrow range and ended nearly unchanged, pausing after Wednesday`s gains Says Mr. Ajit Mishra, Religare Broking Ltd
More News
Daily Market Analysis : Markets started the week with a cut amid mixed cues and lost over ha...
Morning Nifty and Derivative comments 07 December 2023 By Anand James, Geojit Financial Services
Weekly Market Outlook : The market surged to new highs, buoyed by positive indicators from both domestic and global fronts says...
Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker