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Market Quote 11th October 2021 by Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 11th October 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"The domestic market continued its bullish run backed by gains in banking, power, realty and auto sectors. However, the indices gave away early gains following weakness in global peers due to rising commodity prices and the upcoming earnings season, compelling investors to trade cautiously. The auto sector continued its outperformance in expectation of demand revival during the festive season and power & renewable energy will continue to be in focus. Banking stocks followed the trend owing to strong business preview numbers and favourable credit growth data. However, the IT sector was under pressure as initial earnings releases failed to meet market expectations"
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