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Market Quote : Indian equities gained confidence from strong domestic earnings Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 08 May 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Indian equities gained confidence from strong domestic earnings and fading concerns over the US economic slowdown following robust job data. The recent weakness in the US dollar is drawing more foreign funds to the domestic market, with FIIs remaining net buyers for seven consecutive days. The US inflation report, due on Wednesday, is expected to remain around the March level of 5.0%.
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