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

The Timeless Elegance of Rajasthani Fashion: A Celeb...

The Life of a Navy Soldier: Discipline, Duty, and th...

INA veteran marks his 100th birthday by paying tribu...

India clinch triumphant victory in ODI deaf series a...

Chickpeas, lentils nutritious than oats, wheat

MOSt Market Roundup : Nifty, Sensex End Lower Amid G...

Exclusive! Alia to celebrate Holi, birthday amidst f...

Raashii Khanna and family seeks blessings at Srisail...

Passenger vehicle sales surge to record high in Febr...

India`s deal activity surges 14 pc in Feb to registe...
Tag News

MOSt Market Roundup : Nifty, Sensex End Lower Amid Global Growth Concerns by Motilal Oswal W...

Daily Market Commentary : The broader market continued to witness selling pressure with Nifty Midcap100 down 0.9% and Smallcap100 down by 1% Says Mr. Siddhartha Khemka, Motilal Oswal

Quote on Post-market comment by Hardik Matalia, Derivative Analyst, Choice Broking

Quote on Nifty from Rupak De, Senior Technical Analyst at LKP Securities