Market Quote 12th October 2021 by Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 12th October 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Following selling in IT stocks as a result of a weak start to the earnings season and weakness in global markets, the domestic market traded in the negative zone. However, with strong support from PSU Banks on revamped hopes of privatisation and continued buying interest in consumer goods, metals and auto, indices managed to end on a positive note. While global markets traded with cuts in fears of rising inflation due to soaring commodity prices and energy crunch"
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