Market Quote : Benchmark Indices ended in the red today on the back of profit taking seen in IT stocks as well as PSU stocks Says S Ranganathan, LKP Securities
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Below Quote on Market 18 August 2023 By S Ranganathan, Head of Research at LKP Securities
Benchmark Indices ended in the red today on the back of profit taking seen in IT stocks as well as PSU stocks. The 6% deficiency in the Monsoon was an important factor with several states witnessing deficits across districts. The Evergrande Bankruptcy in China though was brushed away since real estate loans in India are by and large regulated well in India now.
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