Quote on Morning Market Views 19th June 2025 from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Below the Quote on Morning Market Views 19th June 2025 from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
"The 24500-25000 range for the Nifty is likely to hold till news from the Israel-Iran conflict change for the better or for the worse. If news of deescalation of tensions break, Nifty will break out of the upper band of the range. If the news is about escalation of tensions, particularly relating to troubles in the strait of Hormuz resulting in sharp spike in crude, it would be difficult for Nifty to hold on to the 24500 support level. So watch out for the developments in West Asia.
The Fed decision and commentary have come on expected lines. Jerome Powell’s comment that “ despite heightened uncertainty the economy is in solid position “ is important. However, he has warned that “tariff effects on inflation can be persistent”. Therefore, it would be realistic not to expect rate cuts from the Fed immediately. The dot plot, however, indicates two rate cuts in 2025. With only 1.4% GDP growth expected this year, the US is unlikely to attract a lot of capital flows. This is favourable for India. But since Indian market valuations remain a concern, sustained rally will happen only when we get indications of sustained earnings growth, which is some time away."
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