IGI Logo

Below the Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

"The market has turned cautious as the reciprocal tariff day approaches. Institutional activity suggests that while FIIs are not overly concerned about tariffs DIIs are taking a cautious stance. During the last five trading days FIIs bought equity for Rs 21376 crores while DIIs sold equity for Rs 9704 crores. Despite net institutional buying yesterday the market drifted down indicating concern and fear in the market.

The strength of domestic consumption themes like financials, telecom, aviation and hotels indicate that the market is preparing for a scenario where tariffs may impact export-oriented segments.Trump’s latest decision to impose a 25 % duty on all car imports to the US will impact Tata Motors which exports a significant chunk of JLR cars to the US."

Above views are of the author and not of the website kindly read disclaimer