08-11-2023 09:18 AM | Source: Geojit Financial Services Ltd
Morning market quote : There is no selling pressure in the broader market since FII selling is confined to large caps Says Dr. V K Vijayakumar, Geojit Financial Services
![](https://portfolio.investmentguruindia.com/uploads/news/broker_1.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below Quote On Morning Market 08 November 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"There are three significant trends in equity markets now: One, global markets are stable as indicated by the 7-day winning streak in Dow and S&P 500. Two, a risk on is evident in markets primarily driven by the sharp correction in the US 10-year bond yield from the recent high of 5% to 4.57% now. Three, the crash in Brent crude from around $94 to below $82 now indicates that the market doesn’t expect the Israel-Gaza conflict to aggravate into a wider regional conflict. In brief, the market construct is favourable for the continuation of the rally despite the geopolitical uncertainties.
The tug of war between the FIIs and DIIs continues with sustained selling by the FIIs and sustained buying by the DIIs. Since the buy on dips strategy is working, retail investors are buying in the broader market on every dip. There is no selling pressure in the broader market since FII selling is confined to large caps.
The best opportunity for long-term investors is in high quality large caps since these stocks will do well when FIIs eventually turn buyers."
The tug of war between the FIIs and DIIs continues with sustained selling by the FIIs and sustained buying by the DIIs. Since the buy on dips strategy is working, retail investors are buying in the broader market on every dip. There is no selling pressure in the broader market since FII selling is confined to large caps.
The best opportunity for long-term investors is in high quality large caps since these stocks will do well when FIIs eventually turn buyers."
Above views are of the author and not of the website kindly read disclaimer
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Bhutan_Hotel.jpg)
A new vision for Bhutan
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : The markets traded within a ...
![](https://portfolio.investmentguruindia.com/uploads/news/Ministryfinance010324.jpg)
Finance Ministry declares 7.1 pc interest rate for C...
![](https://portfolio.investmentguruindia.com/uploads/news/AstraZeneca04.jpg)
AstraZeneca to expand its Chennai GCC at Rs 250 cror...
Atlantis Dubai secures IBCCES Certified Autism Cente...
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Manali_1.jpg)
Welcomhotel Hamsa in Manali - an all season destination
![](https://portfolio.investmentguruindia.com/uploads/news/Gulf Oil Lubricants.jpg)
The curious case of rising capex among O&G PSUs By K...
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Hotels.jpg)
Brand Storii forays into West Bengal with the launch...
![](https://portfolio.investmentguruindia.com/uploads/news/Ajmera Realty.jpg)
NBCC (India) zooms on winning work order worth Rs 36...
![](https://portfolio.investmentguruindia.com/uploads/news/Pharma Sector 56.jpg)
Alembic Pharma shines on getting USFDA`s tentative a...
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : The markets traded within a narrow range and ended nearly unchanged,...
![Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker](https://portfolio.investmentguruindia.com/uploads/news/shrey jain.jpg)
Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker
![Index continues to hold its opening gains & continues to trend higher above its 5 DEMA support of 24105 - Tradebulls Securities](https://portfolio.investmentguruindia.com/uploads/news/Tradebull Securities.jpg)
Index continues to hold its opening gains & continues to trend higher above its 5 DEMA support of 24105 - Tradebulls Securities
![Benchmark index traded with positive bias yesterday before closing with 0.67% gain at 24286 level - Monarch Networth Capital Ltd](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)
Benchmark index traded with positive bias yesterday before closing with 0.67% gain at 24286 level - Monarch Networth Capital Ltd