2024-11-18 05:17:20 pm | Source: Geojit Financial Services Ltd.
Market Quote : Consolidation continued in the market; a slowdown in earnings growth and a weak rupee due to inflation impacted the sentiment says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Market from Vinod Nair, Head of Research, Geojit Financial Services
"Consolidation continued in the market; a slowdown in earnings growth and a weak rupee due to inflation impacted the sentiment. IT stocks reacted negatively today due to a reduced expectation of a FED rate cut in December, which may pose a delay in spending in the BFSI segment. On the other hand, metal stocks gained some ground after China decided to reduce tax rebates on aluminium and copper."
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