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Below Quote On Morning Market 20 September 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

For Nifty the biggest drag will be more FII selling in response to the rising dollar and US bond yields. The dollar index above 105 and the US 10-year bond yield at 4.39 % suggest continued FII selling which has touched Rs 13925 crores so far in September. But DII plus retail buying is likely to support the market on declines. Domestic consumption stories like automobiles, hotels and real estate are on strong wicket and the capital goods segment has been witnessing buying in recent weeks even when FIIs were sellers in the market. PSU banks are likely to witness renewed buying on declines since their valuations are attractive and prospects look good." Above views are of the aut
Domestic consumption stories like automobiles, hotels and real estate are on strong wicket and the capital goods segment has been witnessing buying in recent weeks even when FIIs were sellers in the market.
PSU banks are likely to witness renewed buying on declines since their valuations are attractive and prospects look good."

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