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Below the Quote on Morning Market Views 24th June 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd

"The dramatic developments in West Asia culminating in President Trump’s announcement of ceasefire indicate that the worst of the conflict is over. The sharp reactions in the crude oil and stock markets suggest the geopolitical situation limping back to normalcy. Nifty which has been stuck in the 24500-25000 range will now decisively break out on the upside. But whether it will sustain at higher levels will depend on developments on the trade front. Since the pause on the reciprocal tariff ends on July 9th, bilateral trade agreements have to happen before that. Therefore, markets are likely to respond to developments on the trade front. 

Paints, adhesives, tyres and OMCs will respond positively to the sharp cut in crude. ONGC and OIL will be on the back foot. 

Investors can focus on reasonably valued domestic cyclicals like financials, aviation, telecom and capital goods where safety is higher."

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