Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

Below the Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
"With the mother market US setting new record highs, the global equity market mood is positive. West Asian geopolitics is no longer a threat to global economy or markets. Strong macros of the Indian economy can facilitate increasing fund flows into Indian equity. Sustained weakness in the dollar ( dollar index now at 96.81) means the possibility of heavy selling by FIIs is low. They might even continue to buy despite high valuations. Going forward, the market is likely to be influenced by developments on the tariff front. An India-US trade deal will be positive and if it does not happen the market is likely to be impacted. The main market concern continues to be the poor earnings growth. There are no clear indications yet of strong recovery in earnings growth. Auto stocks will respond to today’s auto sales numbers."
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