Market Quote : The domestic market was successful in overcoming the weak cues from global peers as it focused on quarterly earnings Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 12 October 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"The domestic market was successful in overcoming the weak cues from global peers as it focused on quarterly earnings. The IT earnings season got off to a strong start, which improved the sector's spirits. In the midst of escalating geopolitical unrest and the prospect of a worldwide economic downturn as the IMF revised down its forecast for global growth, European markets continued to slide. At the same time, oil prices dropped due to sluggish demand amidst recession fears and tightening curbs in China, which was taken positively by the domestic market."
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