Market Quote : Global indicators did not favour bulls, with most Asian and Western markets Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 02 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Global indicators did not favour bulls, with most Asian and Western markets trading over concerns of rising geopolitical tension between the US and China. Additionally, economic data point to a decrease in demand, major markets throughout the world are trading with recessionary fears. The domestic market, however, has proven resilient thanks to increased demand in heavyweights and a strengthening Indian rupee underpinned by falling US treasury yields & FIIs buying"
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