Quote on Morning Market Views 18th June 2025 from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Below the Quote on Morning Market Views 18th June 2025 from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
"Latest tweet by President Trump and the US defence movements in West Asia signal aggravation of the conflict. However, there is no panic in global equity markets and it appears that the markets’ assessment is that this conflict will end soon without impacting the global economy.
It is important to understand that after the Covid crash which took the Nifty to a low of 7511 in March 2020 we are in a bull market which has been climbing all walls of worries. The market is likely to climb this Israel-Iran conflict worry, too. Despite the high valuations, particularly in the broader market, the market is likely to remain resilient supported by sustaining strong liquidity and hopes of turn around in earnings. The 24500-25000 range will hold in the near-term and is likely to be broken on the upside when positive news relating to the West Asian conflict comes. Buy on dips strategy will continue to work."
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