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Below Quote On Morning Market 15 December 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

"Market is likely to consolidate after the run up in the first half of this month. Positive news flows and buy on dips can keep the market resilient. The strongest tailwind for the market now is the sharp dip in the US bond yield (the 10-year is around 3.95 percent) triggering large capital flows to emerging markets like India. Since large cap financials and IT are reasonably valued and have been FII’s favourite sectors, these segments will continue to do well.
Retail exuberance is keeping the broader market buoyant, but valuations here are moving into bubble territory. At high valuations, these segments are vulnerable to sharp correction. Even while remaining invested, investors should exercise caution."

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