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

18-11-2024 05:17 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

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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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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

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