Market Quote : Despite the current high levels, domestic investors have hardly lost confidence in the Indian economy Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 19 July 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Despite the current high levels, domestic investors have hardly lost confidence in the Indian economy. It is experiencing a broad based rally strengthened by encouraging domestic macroeconomic data and sustained inflows from FIIs. Although there was some initial profit booking today, the market confidently recovered, with buying observed in all major sectors except auto and IT. Additionally, the global market is providing comfort to the rally, in anticipation of moderation in global inflation.
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