Market Quote : Sustained FII buying and falling oil prices are the major drivers for the ongoing market rally Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 08 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Sustained FII buying and falling oil prices are the major drivers for the ongoing market rally. Heavyweights played a significant role in today's rise, while PSU banks remained under pressure following weak results of the PSB major. Western markets continued to gain after strong US job numbers allayed worries of a recession. The week ahead is busy in terms of economic data with the domestic investors gearing up for the release of the inflation numbers along with the manufacturing production data to gauge the strength of the economy"
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