Market Quote : The domestic market is attempting to gain Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 17 January 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"The domestic market is attempting to gain, in comparison to its weak YTD performance, which was caused in anticipation of a soft Q3 result & union budget. We started the third quarter results on a shaky note, but the latest set of financial announcements from IT and banking blue chips are encouraging. Heavy weights are also pushing the counter, including the fact of the fall in windfall tax. Given the positive undercurrents, the trend should continue in the short term. However, a lot will depend on the second line of Q3 results, the budget outcome, and the Fed policy statement."
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