Geojit Financial Services Ltd

💼 Market is likely to move in a narrow consolidation pattern in the near-term. 💼 There are no major triggers that can push the market into a new bull orbit. Also, there are no major triggers that can cause a deep correction from the current levels. 💼 Within the range, there are significant down moves and up moves. 💼 FMCG stocks are facing selling pressure due to the tepid growth phase they are going through. Conversely, financials are resilient and moving up on good prospects and attractive valuations. 💼 Since markets have a tendency to overreact, the present weakness in FMCG stocks will give opportunities for investors to accumulate them for the long-term. 💼 If there is further correction in this segment, some of the bluechips will become attractive buys. 💼 The resilience of banking and IT stocks is likely to continue for some more time since there are tailwinds that can support their up move. . . . #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets