Market Quote : Domestic market started weak in-line with a volatile global market Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 17 October 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Domestic market started weak in-line with a volatile global market. However, due to buying on dips strategy, the domestic market is recovering well supported by a good start to Q2 earnings season by IT & Banks. Broadly, even though the Q2 preview analysis forecast a muted outlook, it is fairly factored-in considering the consolidation of the last one month. While outlook for Q3 results has been enhanced due to moderation in operation cost, forecasting a QoQ improvement in profitability and reducing risk of earnings downgrade."
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