29-08-2024 05:27 PM | Source: Geojit Financial Services Ltd
Market Quote : Indian equities began steadily and breached a record high Says Mr. Vinod Nair, Geojit Financial Services.
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Quote on Market By Vinod Nair, Head of Research at Geojit Financial Services.
"Indian equities began steadily and breached a record high. Volatility disturbed the trend in the afternoon due to Reliance Ltd AGM expectations, but the broad market carried the rally to a new high by the end of the day with rapid improvement in sentiment. The recent uptick in Indian IT and FMCG stocks points to a potential soft landing for the US economy and an improvement in domestic rural consumption."
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