2025-01-17 09:20:22 am | Source: Geojit Financial Services Ltd
Morning Market Quote : The correction in the market has made largecap valuations reasonable Says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Below the Quote on Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"There are two positives for the market today: One, the declining trend in the dollar index and the US bond yields continue. Second, the Q3 results from the big boys RIL and Infosys are better-than-expected. These two stocks have the potential to lead a minor recovery in the market. Even though declining dollar index and US bond yields are positive, the declines are not adequate to arrest the sustained selling by FIIs. Therefore, any significant recovery in the market will be sold into.
The correction in the market has made largecap valuations reasonable. Nifty is now trading at around 19 times estimated FY 26 earnings. Therefore, long-term investors, who can ignore the volatility caused by FII selling, can use the dips to buy high quality largecaps. The bounce back of this segment is only a question of time."
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