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Below the Quote on Morning Market 17th July 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

"There are no triggers for the market to break out of the consolidation range in which it has been stuck for two months now. Even an India-US interim trade deal has been discounted by the market, leaving no scope for a sharp rally decisively breaking the range. One positive and surprise factor that can trigger a rally is a tariff rate much below 20%, say 15%, which the market has not discounted. So, watch out for developments on the trade and tariff front. 

Results of the IT sector continue to disappoint and, therefore, this can remain a drag on the overall market. 

Leading private sector banks are in a defensive mode now. The market is discounting NIM compression in the Q1 results. But this will reverse from Q3 onwards making them good buys now. From the valuation perspective PSU banks are attractive."

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