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Below the Morning Market Views from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

"The uncanny ability of the stock market to surprise was clearly evident in the 1.8% spike in the Sensex yesterday. This sharp rebound in the market reinforces the market wisdom that it is difficult to time the market, and what is important is to spend time in the market.
 
Two factors are influencing the market trend now. One, the market perceives the Trump tariff threats as negotiating tools, which might not lead to a full blown trade war. Two, the potential beneficial impact of the game changing Budget is slowly sinking in the market.
 
The most significant short-term positive for the market is the FIIs turning buyers (Rs 809 crores) in the cash market for the first time since January 2nd. It remains to be seen whether this will become a trend. The decline in the dollar index and the US bond yields are positive.
 
Short covering and actions in the derivatives market will keep the market highly volatile today."

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