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
India`s tourism sector poised to create 39.5 million...
`Palace on Wheels` departs for its first journey fro...
Smriti Irani campaigns for Dr Davinder Kumar Manyal ...
UAE, Switzerland, Japan expressed interest in Rising...
`Special for Chess?Historic`: Gold Champions on clou...
Foreign diplomats visit Dal Lake, enjoy Shikara ride...
PM Narendra Modi meets India`s Chess Olympiad champs...
Gujarat`s Garib Kalyan schemes: Tale of Empowerment ...
Evening Roundup : A Daily Report on Bullion Energy &...
J&K Assembly Elections: Elderly voters arrive in whe...
More News
Daily Market Commentary : Nifty declined for the third consecutive day amid global volatilit...
Weekly market outlook : The market soared to new heights this week, decisively breaching the key resistance level Says Vinod N...
Market Quote : The market looked for new triggers for a decisive move beyond the 19800 level Says Mr. Vinod Nair, Geojit Financ...
Daily Market Commentary : Nifty opened positive and traded sideways to close with gains of 92 points at 21441 level says Mr. Si...