Market Quote : Domestic markets made significant gains, buoyed by favourable global cues Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 01September 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Domestic markets made significant gains, buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data. This robust economic outlook propelled key manufacturing sectors to lead the rally, while strong sales figures generated increased interest in auto stocks. The positive opening in global markets provided additional momentum for investor sentiment, particularly as US PCE inflation aligned with expectations.
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