Market Quote : The equity market is maintaining stability due to a continuous stream of favourable domestic economic indicators Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 05 June 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The equity market is maintaining stability due to a continuous stream of favourable domestic economic indicators. Stronger-than-expected domestic PMI figures, sequential growth in auto sales, and robust expansion in bank credit are instilling investor confidence in India's growth prospects. On the other hand, the US jobs data presented a mixed picture, with non-farm payroll showing acceleration while the unemployment rate surged from 3.4% to 3.7% in May.
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