Market Quote : Global markets are still grappling with the impact of the US rating downgrade Says Mr. Vinod Nair, Geojit Financial Services

3/08/2023 6:14:39 PM | Source: Geojit Financial Services

Market Quote : Global markets are still grappling with the impact of the US rating downgrade Says Mr. Vinod Nair, Geojit Financial Services

News By Tags | #2730 #607 #4943 #879 #1014 #59 #6776

Below Quote on Market 03 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services

Global markets are still grappling with the impact of the US rating downgrade, with spiking bond yield and strengthening dollar index. However, the pharma sector has managed to weather the storm thanks to its strong earnings outcome, while mid and small-cap stocks have outperformed the benchmark index. The domestic service PMI has surpassed market expectations, reaching a 13-year high due to a rise in new orders, particularly in international sales.

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Market Quote : Global markets are still grappling with the impact of the US rating downgrade Says Mr. Vinod Nair, Geojit Financial Services

Top News

Tag News

More News