29-11-2024 05:42 PM | Source: Geojit Financial Services Ltd.
Market Quote : A large-cap-driven, broad-based rally ensued in the domestic market says Vinod Nair, Head of Research, Geojit Financial Services
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Below the Quote on Market from Vinod Nair, Head of Research, Geojit Financial Services
"A large-cap-driven, broad-based rally ensued in the domestic market. Discretionary sectors performed well, benefiting from the festive season. The pharma and healthcare sectors saw renewed growth, supported by strong earnings and a moderation in valuations after recent corrections. Additionally, the anticipated slowdown in India's Q2 GDP to 6.5% has already been reflected in Q2 corporate earnings, which the market appears to have discounted. Meanwhile, global sentiment remained subdued due to the appreciation of the Japanese yen, as inflation stayed above the central bank's tolerance level."
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