Market Quote : Positive sentiment initially propelled domestic equities Says Mr. Vinod Nair, Geojit Financial Services

30/08/2023 5:35:20 PM | Source: Geojit Financial Services

Market Quote : Positive sentiment initially propelled domestic equities Says Mr. Vinod Nair, Geojit Financial Services

News By Tags | #2730 #607 #4943 #879 #1014 #59 #6776

Below Quote on Market 30 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services

"Positive sentiment initially propelled domestic equities, buoyed by softer US labour market data that caused a retreat in US bond yields, alleviating concerns about rate hikes. This positive outlook was reinforced by Chinese banks' move to reduce existing mortgage rates, favourably impacting Indian metal stocks. However, gains were tempered as the day progressed, primarily due to weakness in global markets attributed to lacklustre economic data from Europe. Banking stocks bore the brunt of this downturn, while mid- and small-cap segments displayed resilience amid the market dynamics."

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Market Quote : Positive sentiment initially propelled domestic equities Says Mr. Vinod Nair, Geojit Financial Services

Top News

Tag News

More News