Stock Markets Rebound After Sharp Losses, Sensex Over 300 Points

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said, “With the uncertainty over the US-Iran deal continuing and Brent trading at about $93, there are no major triggers for the market at the start of this week. A significant market trend since the start of the West Asia conflict on February 28th is the outperformance of the broader market, which, in turn, was led by better-than-expected Q4 results. Expectations of good results from mid and small caps and sustained selling in large caps by the FPIs have widened the gap in valuations between large caps and the broader markets. Large caps are now fairly valued and valuations in segments like banking are attractive. But this segment will test the patience of investors.””

source

Leave a Reply