Market Quote 20 July 2021 by Vinod Nair, Geojit Financial Services
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Below are Quote on Daily Market view 20 July 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Bears dominated D-street following overnight selling in global markets due to spread of the highly contagious Delta variant and fall in economic growth data. Sharp fall in crude price & US bond yields reflected the rising concern over fall in future growth. Vulnerability from premium valuations, upcoming FOMC meeting and selling by foreign investors exposed the Indian market. However, western markets attempted to recover from the sell-off which provided some comfort to the domestic market in between but selling continued"
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