Morning Market Quote : The escalation of tensions in the Ukraine-Russia war can weigh on markets Says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

21-11-2024 09:28 AM | Source: Geojit Financial Services Ltd

Morning Market Quote : The escalation of tensions in the Ukraine-Russia war can weigh on markets Says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

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

"The escalation of tensions in the Ukraine-Russia war can weigh on markets. The element of uncertainty caused by the escalations is high and therefore most market participants are likely to be in a wait and watch mode. However, any sharp slide in the market appears unlikely since the mother market US has largely downplayed the escalation.

Sectors to watch are hotels, aviation, banking, telecom, IT and pharma which are doing well. FMCG, cement, petroleum refining and metals are weak. Mutual fund schemes in Banking are ideal for investment now. Systematic Transfer Plans (STPs) can be done in this and largecap category."

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Morning Market Quote : The escalation of tensions in the Ukraine-Russia war can weigh on markets Says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

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