2024-12-10 09:38:47 am | Source: Geojit Financial Services Ltd
Morning Market Quote : Market is likely to move in a narrow consolidation pattern in the near-term Says Dr. V K Vijayakumar, Geojit Financial Services
Below the Quote on Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"Market is likely to move in a narrow consolidation pattern in the near-term. There are no major triggers that can push the market into a new bull orbit. Also, there are no major triggers that can cause a deep correction from the current levels. Within the range, there are significant down moves and up moves. FMCG stocks are facing selling pressure due to the tepid growth phase they are going through.
Conversely, financials are resilient and moving up on good prospects and attractive valuations. Since markets have a tendency to overreact, the present weakness in FMCG stocks will give opportunities for investors to accumulate them for the long-term. If there is further correction in this segment some of the bluechips will become attractive buys. The resilience of banking and IT stocks is likely to continue for some more time since there are tailwinds that can support their up move."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
India`s eSankhyiki?data platform cruises to 134 mn r...
HUL`s profit up 19 pc in Q3, acquires 90.5 pc stake ...
Daily Market Commentary : Nifty IT gained traction o...
Daily Market Analysis : The Markets Rebound After Vo...
Post-Market Comment by Mandar Bhojane, Research Anal...
Quote on Market Wrap by Shrikant Chouhan, Head of Eq...
WEF: 5 new Indian industrial clusters commit to econ...
Sensex jumps 566 points, Nifty holds at 23,000 as US...
Centre hikes MSP of raw jute by Rs 315 for 2025-26 s...
WEF 2025: Urban mobility a major focus for Telangana...
