Market Quote : European markets traded with declines in response to hawkish commentary from the President of the ECB Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 27 June 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic market rallied, primarily supported by banking and finance stocks, which received a boost from the merger updates from HDFC. Meanwhile, global trends were mixed as the Chinese market showed signs of recovery, driven by hopes of additional policy stimulus, whereas European markets traded with declines in response to hawkish commentary from the President of the ECB. Ahead of the release of US stock data, oil prices eased as concerns regarding Russian political instability and potential supply disruptions were alleviated.
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