Market Quote : The domestic market inched higher in anticipation of possible progress Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 22 MAy 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic market inched higher in anticipation of possible progress in US debt ceiling negotiations. Despite a weak fourth-quarter performance, IT stocks rebounded on account of bargain opportunities and pent-up demand. Investors remain watchful ahead of the release of US FOMC minutes on Wednesday, as the minutes may give some indication of a pause on rate hikes.
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