2024-08-27 10:16:39 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
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
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
?Like Karnataka, Telangana, we will fulfil all?? Kha...
'Honoured, motivated and proud': Sambalpur fish farm...
Shilpa Shetty arrives in a stellar red outfit to att...
Two Indian ships with LPG cargo sail safely out of G...
Dhurandhar 2 star Sanjay Dutt arrives with family at...
55 lakh LPG refills delivered, supply normal: Govern...
6,000 PNG consumers give up LPG connections to help ...
Coal India bags Rs 1,057 crore battery storage proje...
India well-prepared to handle global disruptions, su...
Big change in UPI, card payments from April 1: RBI m...
