Market Quote : The positivity also stems from China's anticipated stimulus to withstand economic growth Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 11 July 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The market now awaits the Q1 results, IT sector which kicks off tomorrow, where expectations are muted with a focus on the sustenance of margin and improvement in long-term guidance. The positivity also stems from China's anticipated stimulus to withstand economic growth and hope on the moderation in US inflation data. The overall valuation for India is marginally above the long-term average, which is fair given strong earnings expectations on FY24.
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