28-12-2023 09:04 AM | Source: Geojit Financial Services Ltd
Morning Market Quote : Investors should take this as an indication of high volatility ahead Says Dr. V K Vijayakumar, Geojit Financial Services
Below Quote On Morning Market 28 December 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The rally looks set to continue supported by the leading banks which are witnessing institutional accumulation. Strong cues from the mother market US, steadily declining US bond yields and the dollar index below 101 augur well for the continuation of the rally. It is important to note that high quality large caps have taken the leadership in this rally which has taken the Sensex above 72k.
A significant market indicator is the volatility index VIX rising above 15. Investors should take this as an indication of high volatility ahead. Remaining invested is important in a bull market. But chasing the market at high valuations would be highly risky."
A significant market indicator is the volatility index VIX rising above 15. Investors should take this as an indication of high volatility ahead. Remaining invested is important in a bull market. But chasing the market at high valuations would be highly risky."
Above views are of the author and not of the website kindly read disclaimer
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