Market Quote : With positive surprises assisting buoyancy in the global market Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 30 June 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The lack of global support had restrained the Indian indices from pursuing their record highs earlier, despite the presence of a resilient domestic macroeconomic background. With positive surprises assisting buoyancy in the global market and the advance of the southwest monsoon, the domestic market succeeded in marching to new highs with renewed strength. Global investor sentiments were uplifted by a favourable revision in Q1 GDP, a fall in jobless claims, and the positive outcome of the Fed’s US bank stress test.
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