Market Quote : A consolidation in the US 10yr bond yield and an inflow of FIIs kept the domestic market sentiment optimistic says Vinod Nair, Head of Research, Geojit Financial Services

2024-08-28 05:15:24 pm | Source: Geojit Financial Services Ltd

Market Quote : A consolidation in the US 10yr bond yield and an inflow of FIIs kept the domestic market sentiment optimistic says Vinod Nair, Head of Research, Geojit Financial Services

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Below the Market Quote from Vinod Nair, Head of Research, Geojit Financial Services

"A consolidation in the US 10yr bond yield and an inflow of FIIs kept the domestic market sentiment optimistic. However, valuation remains a near-term deterrent, which will be further tested based on the upcoming India Q1 FY25 GDP data this week. On the other hand, investors are giving more emphasis to defensive bets, which is evident with the outperformance in IT and pharma stocks."

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