Market Quote : The domestic indices traded with a negative bias below the flattish trend Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 01 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic indices traded with a negative bias below the flattish trend, impacted by global peers. Despite this, mid- and small-cap stocks continued to outperform the benchmark index. IT stocks rallied on hopes of a soft landing for the US economy. India's manufacturing activity remained robust, although marginally it moderated for the second consecutive month in July. The market direction in the upcoming days will be influenced by key data points, including auto sales figures, US PMI, and US job data.
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