2024-10-11 10:29:06 am | Source: Geojit Financial Services Ltd
A healthy trend in the market is the leading private sector banks getting accumulated and showing resilience even in a weak market. This is the most attractively valued segment in this market where there is no valuation comfort. Lot of stock-specific action can be expected in the coming days in response to Q2 results. Banking and IT are likely to post reasonably good results."
Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Below the Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"Market is likely to remain volatile in the near-term alternating between FII selling and DII buying. Attractive valuations in other markets, particularly in Chinese stocks, will facilitate further selling by FIIs in India since Indian valuations are elevated. Concerns of earnings downgrades in H2 FY 25 render Indian valuations difficult to sustain. However, the sustained flows into the domestic mutual funds, where monthly SIPs have set a new record of Rs 24500 in September, will ensure that all FII selling will be easily absorbed by DII buying. This has been the trend in October so far.
A healthy trend in the market is the leading private sector banks getting accumulated and showing resilience even in a weak market. This is the most attractively valued segment in this market where there is no valuation comfort. Lot of stock-specific action can be expected in the coming days in response to Q2 results. Banking and IT are likely to post reasonably good results."
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
Rupee strengthens against US dollar in early trade o...
Perspective on Bond market dislocation ? Signal or d...
Quote on SEBI board meeting decisions by Ajay Garg, ...
Daily Stock Derivative Lens 18th December 2025 by Ax...
Sell Jeera Jan @ 21300 SL 21600 TGT 21000-20700. NCD...
Aarti Industries inches up on securing multiple long...
Buy Natural gas Dec @ 352 SL 345 TGT 360-365. MCX - ...
MSME exports cross Rs 9.52 lakh crore during April-S...
Market Commentary (closing) for 18th December 2025 b...
India`s passenger vehicle retail soars 22 pc post GS...
More News
Morning Market Quote : March is likely to witness recovery in the Indian market backed by be...
Market Wrap Up : The markets began the week on a positive note, gaining over half a percent amid mixed signals by Mr. Ajit Mish...
Quote on Market Wrap 31th July 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Quote on Nifty 12 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities