Market Quote : FIIs remain in a selling mode in the domestic market, yet active buying from DIIs is mitigating downside risks Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 04 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
On the global front, investors are adopting a cautious approach even amidst declining bond yields as they await the release of crucial economic data. The significant drop in Chinese exports has also contributed to concerns within the global market. FIIs remain in a selling mode in the domestic market, yet active buying from DIIs is mitigating downside risks. Among sectors, PSU banks and pharma stocks inched up, while mid- and small-cap stocks have continued to outperform the benchmark, showcasing their resilience.
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