12-12-2023 10:53 AM | Source: Geojit Financial Services Ltd
Morning market Quote : These positive economic news is being strengthened by expectations of political stability after the 2024 General elections Says Dr. V K Vijayakumar, Geojit Financial Services
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _11.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 05 December 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The fundamental factor supporting the rally which has taken the market to record highs is the series of positive news: Q3 GDP growth rate of 7.6%, CPI inflation falling to 4.87%, Manufacturing PMI rising to 56, Brent crude declining to $76 and FPIs turning buyers aided by correction in US 10-year bond yield to 4.23%. These positive economic news is being strengthened by expectations of political stability after the 2024 General elections. Since these positive developments are mostly in the price, the market is likely to wait for incoming crucial data before making further moves. Therefore, the market will be keenly watching the inflation print from the US tonight and the Fed’s message on Wednesday.
An important trend in the market is the accumulation happening in the fairly-priced segments like PSU banks and some leading private banks."
Above views are of the author and not of the website kindly read disclaimer
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/port57.jpg)
Adani Vizhinjam Port to receive first mothership on ...
![](https://portfolio.investmentguruindia.com/uploads/news/Tradebulls Securities.jpg)
Crude Oil has recovered sharply from 6100 to 6800 - ...
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _15.jpg)
Pre-market comment by Deven Mehata , Choice Broking
![](https://portfolio.investmentguruindia.com/uploads/news/geojit market watch.jpg)
Market Watch : US jobs data eyed for rate cut ideas ...
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
Agri Commodity Technical Report 05 July 2024 - Geoji...
![](https://portfolio.investmentguruindia.com/uploads/news/mobile57.jpg)
Ixigo`s profit more than doubled at Rs 73 crore in FY24
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
The benchmark equity indices extended their record r...
![](https://portfolio.investmentguruindia.com/uploads/news/health57.jpg)
Samsung sets up development team for high bandwidth ...
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
Commodity Intraday Technical Outlook 05 July 2024 - ...
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Index is likely to open on a flattish note today and...
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _15.jpg)
Pre-market comment by Deven Mehata , Choice Broking
![Market Watch : US jobs data eyed for rate cut ideas - Geojit Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/geojit market watch.jpg)
Market Watch : US jobs data eyed for rate cut ideas - Geojit Financial Services Ltd
![The benchmark equity indices extended their record rally for the second consecutive session - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
The benchmark equity indices extended their record rally for the second consecutive session - Nirmal Bang Ltd
![Index is likely to open on a flattish note today and is likely to remain range bound during the day - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Index is likely to open on a flattish note today and is likely to remain range bound during the day - Nirmal Bang Ltd