Market Quote : Strong domestic factors are providing crucial support for Indian equities Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 05 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Strong domestic factors are providing crucial support for Indian equities, allowing them to maintain their strength despite attempts by weak global peers to disrupt the mood. India's service PMI remains robust at 60.2, indicating sustained demand even in the face of inflationary pressures. Notably, small and mid-cap stocks have been standout performers, with both indices reaching all-time highs. Conversely, the weak Chinese service PMI has cast a shadow on hopes of an economic rebound in China, impacting global market sentiments.
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