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
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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."
Above views are of the author and not of the website kindly read disclaimer
Tag News
Daily Market Analysis : Markets edged lower and lost over half a percent, in continuation to...
More News
Morning Nifty and Derivative comments 31 October 2023 By Anand James, Geojit Financial Services
