Quote on Morning Market 16th September 2026 from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited?
Below the Quote on Morning Market 16th September 2026 from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited?
“The weak market construct continues with elevated US bond yields and high crude prices contributing significantly to the weakness. So long as these two crucial macros remain high it would be unrealistic to expect a strong rebound in the market. FIIs have been sellers in the market during the last 5 days and with the US 10-year yield at 5% they are likely to sell at every small rally in the market.
In today’s meeting, the Fed is most likely to raise interest rates by 25 bp. However, this is unlikely to impact the market since it is already discounted by the market. More market moving will be the Fed commentary on the evolving macro-outlook and the likely rate action going forward.
Even though the market is weak there are stock-specific opportunities in this market. Appointment of a new MD and CEO for HDFC Bank expected soon and the new MDR norms for digital transactions introduced by the NPCI are significant events that can influence the markets."
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