Market Quote : Benchmark Indices Dip Amid Broader Sell-Off in Technology Sector Says Vinod Nair, Head of Research, Geojit Financial Services
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Below the Quote on Markets by Vinod Nair, Head of Research, Geojit Financial Services
"The key benchmark indices traded with mild cuts while experiencing a broader sell-off in the technology sector due to weakness in the US IT companies, which has led the domestic IT companies to come under the shadow of underperformance. Investors remain cautious owing to weak domestic earnings for Q2. However, the market expects the momentum to reverse in H2 due to a rebound in core sector data and government spending, which are likely to influence the Samvat 2081 investment strategy."
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