Quote on Morning Market Views 22 July 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Quote on Morning Market Views 22 July 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
"There is an undercurrent of resilience in the market despite the elevated valuations. This is evident in the market’s response to positive news like yesterday’s positive response to the good Q1 numbers from ICICI Bank, HDFC Bank and Eternal. There are two factors that are providing this resilience to the market. One, the mother market US is bullish with the S&P having set new records ten times this year. This bullishness is providing psychological support to the bulls. Two, the liquidity support to the market continues unabated. DIIs, flush with funds, have been buyers in 14 out of the 15 trading days this month. This has more than neutralised the FII selling in 10 out of the 15 trading days of the month. This trend in the institutional activity is significant.
An area of concern in the near-term is the uncertainty regarding an interim trade deal between US and India. If India doesn’t get a favourable deal with tariffs below 20 percent that would be a short-term negative from the market perspective."
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