Morning market quote : The market construct has turned clearly bullish aided by favourable global and domestic clues Says Dr. V K Vijayakumar, Geojit Financial Services

30-11-2023 10:18 AM | Source: Geojit Financial Services

Morning market quote : The market construct has turned clearly bullish aided by favourable global and domestic clues Says Dr. V K Vijayakumar, Geojit Financial Services

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #GeojitFinancialServicesLtd #DrVKVijayakumar

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Below Quote On Morning Market 30 November 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The market construct has turned clearly bullish aided by favourable global and domestic clues. A significant trend in the market is the comeback of Bank Nifty. FIIs turning buyers for 5days in a row and DIIs buying aggressively is a strong trend that can take the Nifty past the record Nifty high of 20222 soon. The leader of the rally is likely to be banking assisted by IT.

Global cues are supportive with positive news from the mother market US where growth is strong and inflation is trending down. India’s Q2 GDP numbers expected today will be better than expected. If these good macros are supported by today's exit poll results coming in tune with market expectations, a rally to record highs can happen soon.
With India’s market cap touching $4 trillion and the market cap GDP ratio climbing to 1.2 valuations are getting stretched. But in the short run the market is likely to move ahead of fundamentals."

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Morning market quote : The market construct has turned clearly bullish aided by favourable global and domestic clues Says Dr. V K Vijayakumar, Geojit Financial Services

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