Market Quote 23 August 2021 by Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 23 August 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Heavy selling continued in small and mid-cap stocks, while headline indices traded positive due to strong support from IT stock and positive global peers. The key factor for the correction is the good performance during 2020-21 leading to peak valuations while liquidity is expected to normalise in the future. The ongoing correction will provide an opportunity for long-term investors to re-enter quality stocks"
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