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Market Quote : The weak guidance from Infosys cast a shadow over the outlook of the Indian IT sector Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 21 July 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The weak guidance from Infosys cast a shadow over the outlook of the Indian IT sector, causing a delay in Nifty's pursuit of the 20,000 mark. While the heavyweights surrendered to the bears, the small caps demonstrated resilience. Global markets presented a mixed picture, with the US market struggling due to weak earnings, while UK retail sales exceeded expectations with a 0.7% MoM growth.
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