10-09-2024 09:41 AM | Source: Geojit Financial Services
"There are some significant recent trends in the market: One, there is weakness in the mid and small caps segments; two, the banking segment which has been a consistent underperformer is exhibiting resilience and is moving up; three, defensives like pharmaceuticals and FMCG are slowly gaining and there are signs of accumulation in these segments. The message from these trends is that there is an increasing preference for quality in the market now. This is in sharp contrast to the irrational exuberance and totally unhealthy trends associated with the SME exchange.
Morning Market Quote : There are some significant recent trends in the market 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 some significant recent trends in the market: One, there is weakness in the mid and small caps segments; two, the banking segment which has been a consistent underperformer is exhibiting resilience and is moving up; three, defensives like pharmaceuticals and FMCG are slowly gaining and there are signs of accumulation in these segments. The message from these trends is that there is an increasing preference for quality in the market now. This is in sharp contrast to the irrational exuberance and totally unhealthy trends associated with the SME exchange.
The buy on dips strategy continues to work in this market and, therefore, investors may stay with the dominant trends in the market."
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...