Morning Market Quote : The global rally in December led by the mother market US has lifted most markets significantly Says Dr. V K Vijayakumar, Geojit Financial Services

26-12-2023 09:59 AM | Source: Geojit Financial Services

Morning Market Quote : The global rally in December led by the mother market US has lifted most markets significantly Says Dr. V K Vijayakumar, Geojit Financial Services

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Below Quote On Morning Market 26 December 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The global rally in December led by the mother market US has lifted most markets significantly and India was fortunate to have the lift from the state election results too. The 6% rally in Nifty in December has heated up the market a bit and the bulls are likely to wait for the New Year for further action. High valuations continue to be a short-term concern.

However, the global market construct continues to be favourable with the US inflation, bond yields and the dollar index trending down.
Buy on dips continue to be the best strategy in the present market context. Safety is in large-caps. Automobile sector is well placed for a cyclical upswing."

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Morning Market Quote : The global rally in December led by the mother market US has lifted most markets significantly Says Dr. V K Vijayakumar, Geojit Financial Services

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