Market Quote : This optimism was most prominent in banking stock Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 07 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"The domestic market initially opened with a lackluster performance, influenced by weak global cues. However, as the day progressed, a decline in U.S. bond yields and crude oil prices injected some positivity into the market. This optimism was most prominent in banking stocks. Interestingly, mid- and small-cap stocks managed to retain investor interest even though their valuations are relatively high. Nonetheless, the persistently weak trade data from China continues to cast a shadow over the global market's outlook."
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