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