The daily market view 01 July 2021 By Mr. Vinod Nair, Geojit Financial Services
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Below is the daily market view 01st July 2021 By Mr. Vinod Nair, Head of Research at Geojit Financial Services
"Selling was triggered in the domestic market as investors remained cautious about the increasing covid cases especially in Asia. Despite the easing of restrictions, the manufacturing PMI data for June contracted to 48.1 from 50.8 in the previous month. However, the diminishing rate of domestic infection and progress in vaccination provided some comfort to the market. Positive auto sales numbers for June helped the sector to trade in positive territory"
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