Morning Market Quote : The FIIs are likely to continue selling till the yields decline and the dollar stabilises Says Dr. V K Vijayakumar, Geojit Financial Services
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Below the Morning market views from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"The market is likely to be influenced by the negative factors impacting FII flows and some positive domestic factors which can support the market. The external macro construct continues to be unfavourable with the dollar index at 109 and the 10-year US bond yield at 4.62%. The FIIs are likely to continue selling till the yields decline and the dollar stabilises.
Domestically the December auto numbers indicate that the much talked about urban demand deceleration is exaggerated. Buying will resume in these resilient domestic segments, supporting the market on declines."
Above views are of the author and not of the website kindly read disclaimer
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Quote on FPI By Dr. V K Vijayakumar ,Geojit Financial Services & Alchemy Capital Management
