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Below the Quote on Morning Market Views from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

"Nifty is likely to trade in the 25200-25800 range for some more time till a trigger breaks the range. A positive trigger can come from a possible India-US trade deal to be announced in a few days. The US-Vietnam trade deal indicates the eagerness of the US administration to strike as many trade deals as possible since deals with EU and Japan appear unlikely soon.  

Some recent data from the US indicate negative news on the jobs front. This can trigger more capital outflows from the US and further weakening of the dollar, which has already depreciated by more than 10% this year. This is good news for EMs like India. But the challenge is the tepid earnings growth in India and indications of only modest earnings growth in FY26. Given the weak micros and high valuations, the market will face hurdles in its attempt to break out above the upper end of the range.."

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