Morning Market Quote : The consolidation phase in the market is likely to continue in the near-term Says Dr. V K Vijayakumar, Geojit Financial Services

28-11-2024 09:39 AM | Source: Geojit Financial Services Ltd

Morning Market Quote : The consolidation phase in the market is likely to continue in the near-term Says Dr. V K Vijayakumar, Geojit Financial Services

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Below the Quote on Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Service

"The consolidation phase in the market is likely to continue in the near-term. A clear positive for the market is the cessation of relentless selling by the FIIs. This will give confidence to the retail investors to again start buying aggressively. But there is no room for such high optimism. Strong dollar is a negative for emerging markets and, therefore, FIIs are unlikely to turn aggressive buyers. Also large institutions would prefer to wait and watch for clarity on Trump’s policies and its likely impact on trade and the global economy.

Market action could be stock-specific in response to news flows, like in the case of Adani stocks. A healthy trend in the market is the fundamentally-driven up move in quality banking stocks. The resilience in the health care segment can sustain."

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Morning Market Quote : The consolidation phase in the market is likely to continue in the near-term Says Dr. V K Vijayakumar, Geojit Financial Services

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