Market Quote 20 October 2021 by Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 20 October 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"The ongoing market correction is not an overreaction and can sustain in the near-term due to high valuations. However, in the future Indian corporates will benefit from the reforms & China plus one strategy which happened during 2020-21. Alongside, the long-term economy & market trend is intact due to further re-opening of the economy, low-interest cycle and fiscal & private spending. This correction will give leeway for value-buying, defensives and upcoming stocks & sectors that evolved from this new demand"
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