Market Quote : The domestic market continued its rally as recent Q4 results indicated improvement in demand Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 30 May 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic market continued its rally as recent Q4 results indicated improvement in demand. Further, expectations of a normal monsoon and a drop in international commodity prices support a rise in the margin profile. The underlying trend is strong, supported by strong liquidity, the negative slope of the interest yield, and the forecast of strong QoQ growth in Q4 FY23 GDP vs. 4.4% in Q3.
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