Morning Market Quote : The market has entered a consolidation phase with low volatility and this trend is likely to continue in the near-term Says Dr. V K Vijayakumar, Geojit Financial Services
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Below the Morning Market Quote from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
A bull market is prone to excesses. Retail investors chasing many mid and smallcaps without any concern for valuations and hyper speculative activity in the F&O and intra-day segments are instances of some of these excesses. Another major excess, which is becoming an area of serious concern, is the irrational and hyper speculative activity in the SME segment. IPOs of some SMEs without any track record and suspect financials are getting oversubscribed many times. Retail investors chasing such IPOs in hopes of getting listing gains has become an unhealthy trend. Irrational frenzies like these often end in tears for investors."
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