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Below Quote On Morning Market 18 October 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

"The tragic incident in the Gaza hospital has confounded the already confused developments. We are in uncharted territory. While hoping that things won’t get worse let us look at the broad trends.
In spite of the tragic geopolitical developments, globally markets are resilient. There are two main reasons for this. One, the US economy continues to be strong and this is supporting the mother market and thereby other markets, too. Two, the market view is that the Fed will succeed in soft landing the US economy and avert a recession. Back home in India the resilience of the Indian economy and improving macros are supporting the market. The recent experience is that geopolitical developments will not impact the markets for long. For instance, the market is ignoring the ongoing Ukraine war.
Even while remaining vigilant, market weakness can be used to buy high quality stocks, particularly in sectors like financials, automobiles and capital goods."

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