Morning Market Quote : The near-term market trend is likely to be stable with a positive bias Says Dr. V K Vijayakumar, Geojit Financial Services
Below the Quote on Morning Market Views from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"The near-term market trend is likely to be stable with a positive bias. The positive factors are the steadily declining trend in FII outflows and the outperformance of India over the US last week. This positive trend has fundamental support from the bounce back in FY25 Q3 GDP growth to 6.2%, the spurt in January IIP to 5%, and the decline in February CPI inflation to 3.61%. This positive macro backdrop can support the market in the short-term but cannot sustain a rally in the market. The trade war fears are looming large on global trade and global growth. The uncertainty surrounding the reciprocal tariffs kicking in from April 2nd will certainly weigh on markets. India dubbed the ‘tariff King’ and ‘tariff abuser’ is unlikely to be spared by Trump. This will keep the market jittery, particularly the export oriented sectors will be anxious about the tariff announcements. Domestic consumption themes unaffected by tariffs will be stable."
Above views are of the author and not of the website kindly read disclaimer
