2024-12-16 09:29:13 am | Source: Geojit Financial Services Ltd
While FIIs turning buyers in December, so far, after the relentless selling in the previous two months is positive, investors should not assume that the FIIs will continue to buy. Strong dollar and high bond yields in the US are headwinds for capital flows. Slowdown in GDP growth and stagnant earnings growth are hurdles in the path of the bull. A rally will sustain only if the data regarding growth and earnings show recovery. This will take some time."
Morning Market Quote : The excessive volatility witnessed on Friday is a reflection of the sharp differences in perceptions about the near-term market trend Says Dr. V K Vijayakumar, Geojit Financial Services
Below the Quote on Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"The excessive volatility witnessed on Friday is a reflection of the sharp differences in perceptions about the near-term market trend. The huge positions in F&O segments are causing such heightened volatility in the market. The 500 point move in the nifty from the day’s trough to the peak indicates massive short covering.
While FIIs turning buyers in December, so far, after the relentless selling in the previous two months is positive, investors should not assume that the FIIs will continue to buy. Strong dollar and high bond yields in the US are headwinds for capital flows. Slowdown in GDP growth and stagnant earnings growth are hurdles in the path of the bull. A rally will sustain only if the data regarding growth and earnings show recovery. This will take some time."
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