2025-03-25 04:24:44 pm | Source: Geojit Financial Services Ltd
Market Quote : Broader Market Sees Profit Booking After Six-Day Recovery Rally Says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Market by Vinod Nair, Head of Research, Geojit Investments Limited
"After a six-day recovery rally, the broader market witnessed some profit booking, particularly in small and mid-cap stocks, where premium valuations still exist. On the other hand, the IT sector posted gains, driven by positive global cues stemming from expectations of softer tariffs and a recent correction in valuations. In the near-term, investor sentiment is expected to be cautious as they await clarity on trade policy between US-India. Meanwhile, attention is shifting towards the quarterly results, which is anticipated to shed light on the recovery in earnings growth. Favourable indicators, such as expected rate cuts and rupee movements, continue to support the market sentiment."
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