Geojit in a sentence

Shillong, December 31: We expect a modest return of 10 to 12 per cent on the main market in CY24, says Vinod Nair, Head of Research at Geojit Financial Services.

The recent uptick in crude prices prompted investors to book profits,” said Vinod Nair, Head of Research at Geojit Financial Services.

V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services said an important trend in the market is the increasing clout of DIIs, HNIs and retail investors and the diminishing influence of FPIs.

VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said new investors were attracted to the market for wealth creation after the sharp 15 per cent rise in the Nifty from the March lows.

According to Vinod Nair, Head of Research, Geojit Financial Services, the decline was broad-based and sectors like auto, banks, infra, and energy underperformed.

FPIs also bought in sectors like autos, capital goods, oil and gas and telecom,” said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Importantly, the market was waiting for the FED minutes later today for rate insights," said Vinod Nair, Head of Research at Geojit Financial Services.

V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said an important trend to watch is the spike in the volatility index VIX to 14.5 which indicates that high volatility is round the corner.

While the outset may be tempered by lower expectations in the IT sector, the overall forecast for earnings growth remains optimistic, projecting double-digit figures,” said Vinod Nair, Head of Research, Geojit Financial Services.

FIIs have net sold around Rs 62,000 crores in Equity in March and with virus infections increasing, markets are anticipating a worsening of the situation,” Vinod Nair, Head of Research at Geojit Financial Services said in a post-market statement.

However, pockets of value buying in quality stocks were seen during the session,” Vinod Nair, Head of Research at Geojit Financial Services said in a post-market comment.

Vinod Nair, head of research at Geojit Financial Services, explained that funds allocated by the International Monetary Fund and easing monetary measures are supporting global markets, but India is underperforming due to suspected virus cases.

Consolidation may extend given the headwinds in global trade negotiations and risk aversion strategy by FPIs,” said Vinod Nair, Head of Research, Geojit Financial Services Ltd.

QBG Geojit has been in the forefront of assisting and guiding Omani nationals and expatriate Indians to find new investment avenues.

Some investors and traders expect the rate cut to be as high as 50 basis points, said Vinod Nair, head of research at Geojit Financial Services.

Vinod Nair, head of research, Geojit Financial Services, said, “The market rally was supported by tax cut plan in China and ease in domestic CPI inflation to 2.19 per cent in December.

Vinod Nair, head of research, Geojit Financial Services, said, “We are bound for some correction in the short-term post the in-line measures of the RBI which was well-done, acknowledging the worries in the economy.

Additionally, an expectation of weak monthly manufacturing data tomorrow is adding to the cautiousness,” Vinod Nair, Head of Research, Geojit Financial Services Ltd, said.

Asian markets witnessed consolidation due to trade restrictions and weakening currency,” said Vinod Nair, Head of Research, Geojit Financial Services.

Earnings cycle is yet to pick up while the divergence in expectation and actual results could trigger downgrades in FY19 estimates,” said Vinod Nair, Head of Research, Geojit Financial Services.