14-09-2023 09:25 AM | Source: Geojit Financial Services Ltd
Morning market quote : India has become the best performing large market in September with 4.2% gains says Dr. V K Vijayakumar, Geojit Financial Services
Morning market quote from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
"India has become the best performing large market in September with 4.2% gains. This move to record highs breaching the psychological 20000 mark on the Nifty has been achieved with an impressive 4.3% rise in Bank Nifty. Since financials account for 32 percent weightage in the Nifty, strength in financials, particularly the banks, can keep the Nifty resilient. More importantly, the valuations of banking stocks are even now fair. Strength in banking stocks can impart resilience to the market even though the overall market valuations are slowly rising beyond comfort levels.
Inflation data from the US present a mixed picture. While the CPI inflation data for August has come at 3.7% against expectations of 3.6%, core inflation was on expected lines coming at 4.3%. So the market thinking is that the Fed is likely to pause in September."Above views are of the author and not of the website kindly read disclaimer
Latest News
Nail Fashion Trends: The Art of Expressing Style Thr...
Sustainable Living: Tips for a Greener Lifestyle
PM Narendra Modi to attend Christmas celebrations ho...
Government launching 3 apps to protect consumers in ...
Kia to launch compact SUV `Syros` in India next year
GST recommendations to create business-friendly envi...
CII seeks priority sector lending for new and emergi...
The Wealth of Experiences: How Travel and Cultural E...
India`s tax panel rejects airlines` call to add avia...
Rozgar Mela: PM Narendra Modi to distribute 71,000 a...
Top News
Growth opportunities will result Indian renewable companies highly leveraged: S&P Global Rat...
Tag News
Market Outlook: US bond yields, dollar index, FII data key triggers for next week
Weekly Outlook: Sideways price action strategy remains sell on rise by Lovelesh Sharma, Consultant SAS Online - a deep discount broker
Market Outlook 2025 by Motilal Oswal Wealth Management
Weekly Note : The Markets faced significant pressure this week, losing nearly 5% and wiping out the gains of the past four weeks Says Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd