Market Quote : The domestic market experienced profit booking due to selling pressure in the IT sector Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 06 June 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic market experienced profit booking due to selling pressure in the IT sector. IT stocks witnessed a decline in anticipation of further downward revision in spending. However, a rally in auto and banks helped to recover the losses. Going ahead an important influencer will be the commentary on growth and inflation forecasts by the RBI following its MPC meeting given the general consensus that rate pause will continue.
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