2024-10-07 09:19:53 am | Source: Geojit Financial Services
The Indian market has been following a different path with the Nifty declining 4.5% in a week. This sharp correction has been mainly triggered by the massive FII selling in the cash market which reached Rs 40509 crores during the last four days. Leading largecaps like RIL, HDFC bank and ICICI bank which are major holdings in the AUM of FIIs bore the brunt of the FII onslaught. This correction is an opportunity for long-term investors since the valuations of these stocks are fair and prospects look good. DIIs flush with funds will continue to buy the beaten down quality stocks."
Morning Market Quote : Globally stock markets have been resilient despite the escalating tensions in the Middle East Says Dr. V K Vijayakumar, Geojit Financial Service
Below the Quote on Morning Market from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"Globally stock markets have been resilient despite the escalating tensions in the Middle East. A big positive for equity markets is the strong US economy where the September non-farm job numbers have come surprisingly robust at 2.54 lakhs. The combination of a strong economy and declining inflation in the mother market of the US is a big positive.
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
?Will hold two meetings with key workers? BJP Dilip ...
?Taking India to Atmanirbhar Bharat, Viksit Bharat? ...
Aarti performed in Prayagraj on the occasion of Prim...
Kapil Mishra, BJP workers visit Hanuman temple in Ne...
?We are at 4th rank globally?? Hardeep Singh Puri pr...
?Spent his life dedicated to nation service? Piyush ...
India, UK share strong tech & strategic partnership:...
AIADMK Chief Edappadi Palaniswami arrives at Union H...
IPO Note : Saatvik Green Energy Ltd by Choice Broki...
Gujarat CM Bhupendra Patel participates in Bhagwat K...
Tag News
The Index can long above 25300 for the potential target of 25400 with stop loss of 25230 lev...
India Strategy Weekly IdeaMetrics Idea of the Month – Corporate meeting takeaways By Emkay Global Financial Services Ltd
Quote on Post market comment for Wednesday 17th Sep 2025 by Hardik Matalia, Derivative Analyst, Choice Broking
Quote on Market Wrap 17th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
