Market Quote 29th November 2021 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 29th November 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Domestic indices trimmed its early losses to trade modestly higher backed by IT and healthcare stocks, amid lingering worries over the emergence of the new covid variant. Global markets traded mixed as investors were torn between buying on dips and the uncertainties over the impact of Omicron on economic recovery. However, the global market has factored well the near-term uncertainty limiting further downside. On the domestic front, the telecom sector was in focus as all sector majors reported a rate hike, signalling an end to the low tariff regime"
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