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."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
IIT Delhi, Micron tie up to power next-gen semicondu...
India`s WPI inflation declines to 2.05 pc in March
Passenger vehicle sales in India hit record high of ...
Shivraj Singh Chouhan to attend BRICS agriculture mi...
Bank of India Reduces Home Loan Rates by 25 Basis Po...
RBI set for deeper easing cycle, Sensex at 82,000 by...
Findi Completes AU$30 Million (INR 1.6 Billion) Acqu...
Chemical Sector Update : US tariffs on chemicals - M...
Navi UPI opens 2nd Ticket Window for RCB Fans with E...
MCPI Marks Silver Jubilee with Visionary Growth, Job...
Tag News
Daily Derivatives Report By Axis Securities Ltd
Daily Technical Outlook by Axis Securities Ltd
Technical Morning Ideas : BankNifty Opens Gap-Up, Faces Resistance Near 51230, Ends at 51000 by Vaishali Parekh, Prabhudas Lilladher Pvt Ltd
Bank Nifty support is at 50750 then 50500 zones while resistance at 51500 then 51750 zones - Motilal Oswal Wealth Management
