Market Quote : The earnings reports, primarily from the IT and banking sectors, will influence market trends in the coming days Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 17 April 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The market responded negatively to the weak start of the earnings season by IT bellwether and their cautious outlook. On the global front, the US 10-year bond yield rose as solid US job data raised concerns over further rate hikes by the Fed. The earnings reports, primarily from the IT and banking sectors, will influence market trends in the coming days. We expect Nifty50 earnings to grow by 10% in Q4 FY23, driven by banking and finance, auto, telecom, and FMCG.
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