Morning Market Quote : There are two distinct trends in the market now which can be observed In the secondary and primary markets Says Dr. V K Vijayakumar, Geojit Financial Services

2024-09-03 09:36:26 am | Source: Geojit Financial Services

Morning Market Quote : There are two distinct trends in the market now which can be observed In the secondary and primary markets Says Dr. V K Vijayakumar, Geojit Financial Services

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #GeojitFinancialServicesLtd #DrVKVijayakumar

Below the Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

"There are two distinct trends in the market now which can be observed In the secondary and primary markets. In the secondary market, recently, there is a positive trend with high quality stocks being accumulated and moving up. Bajaj Finance, ITC, Bajaj Auto and Maruti are examples of this healthy trend. At the same time there is froth in segments of mid and small caps where valuations are hard to justify.

The other trend is the totally irrational moves in the SME IPO market where many SMEs of doubtful credentials are getting their IPOs oversubscribed many times and the stocks on listing are manipulated and driven to upper circuits for days. Due diligence is conspicuous by its absence. Many retail investors, driven by greed, are rushing into this gambling game. This will end in tears for the newbies who have no understanding of market fundamentals.

The record breaking winning streak of the Nifty is likely to end soon and the market needs to correct. But there are no signals of a major breakdown or triggers for a breakout."

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

IGI Logo

Morning Market Quote : There are two distinct trends in the market now which can be observed In the secondary and primary markets Says Dr. V K Vijayakumar, Geojit Financial Services

Top News

Tag News

More News