2024-10-14 09:39:12 am | Source: Geojit Financial Services Ltd
IT and banking stocks are likely to remain resilient on the back of expected good Q2 numbers. However, there is only limited scope for the market to move up sharply from here. FY25 earnings expectations have been downgraded by most analysts. The uncertainty surrounding the US presidential elections next month also is likely to weigh on markets along with the geopolitical tensions in the Middle East."
Morning Market Quote : This month, through 11th October, FPIs have sold equity for Rs 58710 crores Says Dr. V K Vijayakumar, Geojit Financial Services
Below the Quote on Morning Market from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"This month, through 11th October, FPIs have sold equity for Rs 58710 crores. (Source: NSDL) This massive selling didn’t have a serious impact on the market since the entire FPI selling has been absorbed by DIIs who are receiving sustained fund inflows. This trend of FII selling and DII buying is likely to sustain in the near-term since Chinese stocks continue to be cheap compared to the elevated valuations in India.
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
Latest News
Frido Champions Community Empowerment with Inclusive...
Quote on Budget Expectation by Mr. Kaushal Agarwal, ...
Quote on Pre-Budget Expectation Inputs - Foreign inv...
Company Update : Rural Electrification Corporation L...
Centre disbursed Rs 964 crore to electronics sector ...
Krystal Integrated Services delivers strong financia...
Zupee Brings Salman Khan`s Signature Quirk to Its Ne...
Company Update : Bajaj Finance By Motilal Oswal Fina...
Centre notifies new Income-Tax Rules for non-residen...
Gold Advances to $2,750 Amid Trade Uncertainty and R...
Top News
Indian economy in robust spot globally in 2025 with high frequency indicators picking up growth
More News
Morning Market Quote : With the US markets setting new record highs, the global stock market...
Pre-Market Comment by Deven Mehata, Research Analyst, Choice Broking
Quote on Today's fall in market from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Market Quote : Global markets are currently resonating with the US Fed`s pledges of a rate cut in September says Vinod Nair, He...