Market Quote : However, the indices managed to recover smartly, led by upside in IT and Auto stocks Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 20 June 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The Indian market opened cautiously due to weak global cues, with heightened concerns over the Chinese economy following their decision to cut interest rates after a 10-month pause. Global worries were amplified by concerns of a possible rate hike by the US Fed in its July meeting, with investors eagerly awaiting Powell’s testimony. However, the indices managed to recover smartly, led by upside in IT and Auto stocks.
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