Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services



Global and domestic cues are positive for the markets. The decline in dollar index to 105.3, correction in the US 10-year bond yield to around 4.5% and Brent crude below $ 84 will further strengthen the bulls. The strong pillar of support for this market is the strong buying by DIIs facilitated by the sustained flow of funds. This trend is unlikely to change anytime soon. RBI lifting restrictions on some of Bajaj Finance’s products is highly positive for the stock. Short covering in the stock has the potential to trigger a surge in the stock. Bank Nifty has further room to move up. Delivery based buying in this segment is likely to continue.