Market Quote : Caution prevailed in the market due to the anticipation of upcoming inflation data and the RBI's monetary policy Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 05 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The Indian market began the data-centric week with modest gains, primarily propelled by strong performances in the pharma and IT sectors. Global markets portrayed a mixed picture, with US futures exhibiting positivity in response to a moderation in bond yields, while European markets experienced declines due to weak economic data. Caution prevailed in the market due to the anticipation of upcoming inflation data and the RBI's monetary policy.
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