The Nifty Bank index is almost flat this year with measly growth of 0.87% Says Dr. V K Vijayakumar, Geojit Financial Services
Below Quote On Morning Market 24 November 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Banks are underperforming despite very good results because they are over-owned and sustained FII selling is weighing on bank stocks. Mid and smallcaps are under-owned and retail exuberance is largely driving these stocks. There is no valuation comfort in the broader market but valuations are fair in large caps.
Therefore, the next leg of the rally, driven by institutional money - both foreign and domestic- will be driven by large caps."
Above views are of the author and not of the website kindly read disclaimer
Tag News
Indian markets to deliver positive returns for 9th year in a row, outperform US
More News
Daily Market Analysis : Markets edged lower and lost over half a percent, in continuation to...