Market Quote : India`s underperformance during the year is expected to reverse moving ahead Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 06 July 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Foreign investors continue to provide unwavering support to the domestic market, helping to sustain the ongoing rally despite weak global cues. India’s underperformance during the year is expected to reverse moving ahead. The mid- and small-cap segments have outperformed the benchmark index, with realty, oil & gas, power and consumption stocks leading the sectorial rally as provisional & economic data suggest a good Q1FY24 results. However, global markets are displaying a negative trend, influenced by hawkish FOMC minutes and US-China tensions.
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