Market Quote 22 July 2021 by Vinod Nair, Geojit Financial Services
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Below is quote on Daily Market view 22 July 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Taking cues from firm global markets, domestic market witnessed robust momentum shrugging off concerns over the spread of Covid-19 and FII selling. Global markets continued to hold onto its gains owing to solid earnings reports and turned its focus on the ongoing European Central Bank’s policy announcement. A confirmation by Fed to continue its supportive policy in the upcoming meet despite rising inflationary pressure will be a key factor in maintaining the direction of the rally."
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