2025-02-25 10:12:48 am | Source: Geojit Financial Services Ltd
Morning Market Quote : The market is oversold, largecap valuations are fair and short positions in the market are high Says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Below the Quote on Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"The market is oversold, largecap valuations are fair and short positions in the market are high. This warrants a bounce back particularly if a short covering happens. But the real issue is the relentless FII selling in the cash market which has touched 43200 crores in February so far. Since cash market selling and shorting in the derivatives market have been profitable for FIIs, they might continue to sell and try to profit from the negative momentum in the market. It is the sustained DII buying that is preventing the market from a capitulation.
Trump tariff uncertainty will continue to weigh on markets. Domestically we need indications of a growth and earnings recovery in India. Investors should stay with quality stocks which will bounce back when the inevitable recovery happens. Patience is the key."
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