Market Quote : Indices surged over 2% buoyed by positive global cues Says S Ranganathan, LKP Securities
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Quote on Market 04 October 2022 By S Ranganathan, Head of Research at LKP Securities
"Indices surged over 2% buoyed by positive global cues and encouraging quarterly updates on advances and collections from Banks during the second quarter. Ahead of the festive season, the street is optimistic on retail demand across segments and we saw Financials lead from the front today. Participation of the IT sector today lent ammunition to the Bulls as almost all sectoral indices ended in the Green as we near the end of the Navratri festival. Positive Tailwinds at Home amidst gloom elsewhere in the globe left Bears stranded today as the Sensex vaulted past 58K"
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