Market Quote : The domestic market showed an uptick, in-line with the surprise bounce in the US market Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 14 October 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
The domestic market showed an uptick, in-line with the surprise bounce in the US market. Initially the US market fell because the data exceeded the forecast. However, it recovered quickly, due to the oversold state of the market. The rally in the domestic market was led by large caps, with IT and banking at the forefront due to the robust start to Q2 earnings. The rally can continue in the short-term led by festival demand, Q2 results and positive trend of the global market
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