Market Quote : FPIs turning net buyers is the major factor driving the uptick in the domestic market Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 01 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"FPIs turning net buyers is the major factor driving the uptick in the domestic market. Record low unemployment rate in the Eurozone and fall in crude oil prices, increased optimism globally. Oil prices took a hit as the deteriorating demand outlook outweighed cues of ongoing supply tightness. Auto stocks were in focus post the release of positive auto sales numbers"
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