Market Quote 03rd August 2021 by Vinod Nair, Geojit Financial Services
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Below is quote on Daily Market view 03rd August 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Progressive economic data, indicates strong rebound from impact of the second wave. All major domestic data like PMI index, GST collection, corporate earnings, export data, etc favour a strong recovery. This has added euphoria in domestic market reaching new highs along with context to a drop in global risk after the accommodative monetary & fiscal policy announcements. A similar monetary policy is expected from ongoing RBI meeting."
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