Market Quote 09 March 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 09 March 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"Domestic indices carried forward yesterday’s gains following a clawback in European markets and US futures as smart investors saw value in the current market valuations. Dip buying is noticed in heavyweights, defensives like IT & Pharma, and value buying in Pvt banks. Oil prices continued to rise after the US banned Russian oil imports. The domestic market is also reacting positively to exit polls and in anticipation of in-line state election results. In the near term, the domestic market will trade as per the positive or negative surprise in the state election results and global trend"
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