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Market Quote : Global indices also reacted pessimistically due to the disappointing results from top US tech companies says Vinod Nair, Head of Research, Geojit Financial Services
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Below the Market Quote from Vinod Nair, Head of Research, Geojit Financial Services
"After a volatile session, the Indian market concluded on a flat note, influenced by lower-than-expected earnings growth from major banks. Global indices also reacted pessimistically due to the disappointing results from top US tech companies. However, the government's commitment to improving consumption and bridging the gap for energy transition in the budget buoyed sectoral sentiments. Despite ongoing enthusiasm from retail investors in the broader market, the current high valuations are likely to prompt a shift towards large-cap stocks."
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