06-11-2024 10:27 AM | Source: Geojit Financial Services Ltd
Morning Market Quote : Market Rebound Signals End to Recent Downtrend Amid Strong Recovery Says Dr. V K Vijayakumar, Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Quote on Morning Market Quote by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"The sharp rebound in the market yesterday indicates a halt to the downward trend witnessed during the last many days. The fact that the rebound is being led by fairly-valued and fundamentally strong large banking stocks is important and points to the possibility of the continuation of the trend. However, the poor earnings growth in Q2 and earnings downgrades for FY 25 are headwinds that will constrain a sustained rally. What is likely is stock-specific action in response to results, guidance and expectations. Investors can utilise the market rallies to move from high-priced mid and smallcaps to the safety of largecaps.
The noise and action related to the US elections will last only for a few days, after which economic fundamentals will determine the direction of the market trend."
Above views are of the author and not of the website kindly read disclaimer
Latest News
FIIs stood as net sellers in equities as per Novembe...
Weekly Market Outlook: Domestic Market in Correction...
India`s Marico says urban consumption revival to tak...
India`s Muthoot Finance posts higher Q2 profit on go...
India`s merchandise exports surge 17.25 pc in October
Exclusive-Blackstone eyes 20% stake in India Haldira...
Evening Roundup : A Daily Report on Bullion Energy &...
Thousands of fans gather outside theatres as actor S...
Will continue to invest in India market amid digitat...
Sell Silver Below 86700 SL Above 87500 TGT 85700/851...
Tag News
Weekly Market Outlook: Domestic Market in Correction Terrain: Nifty, Sensex Down 10% Says Vi...
More News
Daily market commentary : Domestic market started the week on a buoyant note with renewed bu...
Market Quote : Sequentially, the September India CPI is expected to cool due to ease in food and fuel inflation Says Mr. Vinod ...
Weekly Note : Markets extended a gaining streak for the fourth successive week and rose nearly half a percent by Mr. Ajit Mishr...
Market Quote : The US political risk and recession fears may set near-term cautious sentiments in the global market says Vinod ...