Quote on Morning Market Views 29th September 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Below the Quote on Morning Market Views 29th September 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
"The market drifted down continuously during the last six trading days pulling the Nifty below the 24800 level, which was a support zone. Technically the market continues to be weak, but it has reached oversold levels and , therefore, a short-term bounce back is likely any time. However, if any rally is to sustain the market needs positive news particularly on the trade deal with the US. Therefore, the market focus will be on that.
The monetary policy expected on October 1st is unlikely to surprise. The present growth-inflation dynamics do not warrant a rate cut. Therefore, the RBI is likely to hold rates while sending a dovish message to support the growth momentum in the economy.
The weakness in the broader market is likely to sustain given the valuations which continue to remain elevated. Investors can slowly accumulate largecaps in automobiles, banking, telecom, capital goods and cement. Weakness in pharmaceuticals is an opportunity to buy into the segment since India’s generic exports will not be impacted by Trump’s tariffs on patented and branded medicines."
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