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Market Quote : Indian indices hovered along the flat line Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 25 July 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Indian indices hovered along the flat line, waiting ahead for the crucial decision of Fed policy. Metal stocks rose due to China's commitment to provide policy support to its realty sector, while utilities were up in anticipation of demand & improvement in operating margin. The recent correction of the domestic market can be attributed to several factors, including muted start to Q1 results, a reversal in FII activity, a rising dollar index, and an increase in crude oil prices.
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