Quote on Morning Market Views 17th September 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Below the Quote on Morning Market Views 17th September 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
"The ongoing rally in the market is being driven by a combination of positive sentiments and fundamentals. The market expects the renewed India-U S trade talks to result in an agreement, culminating in the withdrawal of the 25% penal tariffs imposed on India. If expectations translate into reality, that would be a huge sentiment positive. Fundamentally, the GST reform is expected to trigger an impressive demand spurt led by automobiles. Auto stocks have already rallied, discounting the expectations. White goods, particularly air conditioners, can be beneficiaries. NBFCs financing the purchase of white goods,too, have rallied. Some leading private sector banks like HDFC Bank and ICICI Bank are yet to participate in the rally. These stocks are fairly valued.
The Fed is expected to cut rates by 25bp tonight. More than the rate action the Fed commentary on the evolving economic outlook and the trajectory of future rate action will be closely watched by the market."
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