Market Quote : Cues from both the global and domestic markets were subdued Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 24 March 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Cues from both the global and domestic markets were subdued. The asset management industry was hit hard by tax changes and the elimination of the indexation benefit of debt mutual funds. The volatility was fuelled by weak European markets, which was driven by banking stocks as CDS spread increased. Although all major sectors traded in the red, selling in the IT sector was limited despite warnings of muted growth"
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