27-08-2024 10:16 AM | Source: Geojit Financial Services Ltd
If geopolitical tensions cause dips in the market, DIIs and retail investors are likely to buy that dip. Financials, particularly banking and other rate sensitives like housing and automobiles are the likely preferred sectors for institutional buying. Investors can use weakness in the market to buy leading banking stocks and other rate sensitives in these segments. Segments like paints, adhesives and tyres which use crude as inputs will turn weak."
Morning Market Quote : There are both headwinds and tailwinds for the market now Says Dr. V K Vijayakumar, Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"There are both headwinds and tailwinds for the market now. Headwinds are coming from the escalation of the geopolitical tensions in the Middle East and Ukraine. Brent crude has shot up above $ 81. The strongest tail wind comes from the expected rate cuts by the Fed which will spill over to other central banks including the RBI. The Indian economy now needs monetary stimulus through rate cuts and this is likely in the next policy meeting.
If geopolitical tensions cause dips in the market, DIIs and retail investors are likely to buy that dip. Financials, particularly banking and other rate sensitives like housing and automobiles are the likely preferred sectors for institutional buying. Investors can use weakness in the market to buy leading banking stocks and other rate sensitives in these segments. Segments like paints, adhesives and tyres which use crude as inputs will turn weak."
Above views are of the author and not of the website kindly read disclaimer
Latest News
Electronics, IT can play a crucial role in building ...
MahaYuti`s landslide win a major boost to make Mahar...
Real Estate and REITs: A Growing Investment Opportunity
India leads world in science, innovation research: M...
India`s bilateral trade with ASEAN sees 5.2 pc growt...
India sees over 226 pc surge in startup funding at $...
Trump`s ``America First`` policy could reshape inter...
Technical Outlook for the week starting November 25 ...
US private-sector activity picks up pace as firms lo...
India under Trump 2.0 could bolster its position in ...
Tag News
Technical Outlook for the week starting November 25 by Lovelesh Sharma, Consultant, SAS Onli...
More News
Market Quote : The market exhibited a rebound after continuous selloff last week says Vinod ...
Daily Market Analysis : Markets ended marginally higher amid volatility, in continuation to the prevailing consolidation phase ...
Market Quote : Indian Auto Industry Slowdown : Inventories Reach 77,000 Units by Krishna Appala, Sr. Research Analyst, Capitalm...
Market Quote : The domestic market is trying to show some signs of a recovery from the recent lows as the Diwali festival appro...