Morning Market Quote : The ability of the market to surprise was evident in the 557 point spurt in the Nifty on Friday Says Dr. V K Vijayakumar, Geojit Financial Services

25-11-2024 09:26 AM | Source: Geojit Financial Services Ltd

Morning Market Quote : The ability of the market to surprise was evident in the 557 point spurt in the Nifty on Friday Says Dr. V K Vijayakumar, Geojit Financial Services

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Below the Quote on Morning Market by Dr. V K Vijayakumar, Geojit Financial Services

"The ability of the market to surprise was evident in the 557 point spurt in the Nifty on Friday. This sharp upswing will continue today assisted by the super NDA performance in Maharashtra. The political message from this election is huge and highly positive from the market perspective.

A significant feature of the Friday rally was the sharp spurts in many largecaps with some stocks shooting up by more than 4%. This clearly indicates short covering, which will keep the market resilient today.
Whether the rally will continue beyond a couple of days remains to be seen since the earnings headwinds will continue to constrain the bulls.

Banking and IT are on a strong wicket assisted by fair valuations and reasonable growth prospects. Watch out for capital goods, telecom and pharma stocks."

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Morning Market Quote : The ability of the market to surprise was evident in the 557 point spurt in the Nifty on Friday Says Dr. V K Vijayakumar, Geojit Financial Services

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