Market Quote : Despite challenges in the global economies, the domestic market displayed better than estimated Q4 earnings growth Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 01 June 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Despite challenges in the global economies, the domestic market displayed better than estimated Q4 earnings growth, along with 7.2% GDP growth in FY23, adding buoyancy to the market during the week. However, today the market closed with a marginal negative bias in which banks witnessed heavy profit booking. Investors turned cautious in anticipation of inflationary pressure in the US after raising the US debt ceiling. The US 10-year bond yield inched higher; the market is looking ahead to the trajectory of US interest rates to get more visibility.
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