Market Quote 16th November 2021 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 16th November 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"The domestic market started trading between gains and losses before slipping into deep red with heavy selling in banking and pharma stocks. RBI’s statement that equity market valuations is stretched added to the pressure, however Mid & Smallcaps outperformed. Global markets remained mixed as the Biden-Xi meeting ended with both the parties appealing for more cooperation. European and US markets are trading almost flat ahead of the release of Eurozone Q3 GDP and US retail sales data"
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