25-09-2024 05:03 PM | Source: Geojit Financial Services Ltd
Market Quote : Benchmark Indices Inch Higher, Power and Banking Stocks Lead Says Vinod Nair, Head of Research, Geojit Financial Services
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Below the Quote on Market by Vinod Nair, Head of Research, Geojit Financial Services
"After a range-bound trade, the benchmark indices inched higher towards close, led by power and banking stocks, while mid- and small-cap indices experienced corrections driven by valuation concerns. The domestic market may face short-term challenges owing to a decline in FIIs inflow and shift of funds to other emerging markets due to their cheap valuation. Meanwhile, gold, as a safe-haven asset, gained further appeal amid escalating tensions in the Middle East and the prospect of lower interest rates."
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