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The market view 13 August 2021 by Anand James, Geojit Financial Services
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Below is the market view 13 August 2021 by Anand James, Chief Market Strategist at Geojit Financial Services.
"Though China's regulatory crackdown kept Asian markets in the red in the morning, US markets at records, gave the perfect setting for Indian markets to shed inhibitions and march to a new peak today. Yesterday was the second time this month in which Nifty staged a remarkable recovery after seeing a new monthly low and threatening to collapse. These events had had clearly improved the risk appetite of traders, who appeared willing to chase rallies today. However, as has been the trend during most part of the last three weeks, the mid and small caps continued to lag behind benchmarks, with only IT, FMCG and a handful of financials leading the surge today"
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