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