10-09-2024 09:41 AM | Source: Geojit Financial Services
Morning Market Quote : There are some significant recent trends in the market Says Dr. V K Vijayakumar, Geojit Financial Services

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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."

 

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