Market Quote : Despite profit booking in Nifty Auto after reaching an all-time high Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 04 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Recent releases of domestic macroeconomic data have portrayed a positive picture for the domestic markets, allowing them to maintain their momentum. Despite profit booking in Nifty Auto after reaching an all-time high, the market regained its footing with robust buying in IT stocks. The increase in the US unemployment rate has solidified expectations of a pause in rate hikes, and positive global cues have further boosted market sentiment."
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