Morning Market Quote : Market expects good results from autos, capital goods, telecom and select pharmaceuticals says Dr. V K Vijayakumar, Geojit Financial Services
Below the Morning Market Quote from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"Global and domestic cues indicate that the market is likely to consolidate in the coming days and start responding to Q4 results as they start coming. So, Q4 results will be the next major trigger for the market from a sectoral and stock-specific perspective. Market expects good results from autos, capital goods, telecom and select pharmaceuticals. Financials,too, will report good results despite some NIM compression and, therefore, are likely to be favoured by investors. IT results will be tepid and, therefore, the management commentary will be more important than the results. Even though valuation comfort in banking is in PSU banks, private sector majors are likely to deliver superior returns from a two/year perspective."
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