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

"In the context of the looming uncertainty regarding President Trump’s likely actions, the market is unlikely to rally in the near-term. There appears to be no respite to the sustained FII selling which touched Rs 7170 crores yesterday. This will continue to put pressure on the market.

Since the results season has started the market will witness lots of stock-specific action in response to the results. Results of TCS indicate that the IT sector will continue to remain resilient. Results of banking majors will be good but in the context of FII selling the sector may not perform in response to the results. Pharma and select auto stocks like Eicher, M&M and Bajaj Auto are potential outperformers in a weak market."

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