Market Quote : Market Holds Positive Bias as Core Sector Output Shows Recovery Says Vinod Nair, Head of Research, Geojit Financial Services

2024-12-02 04:00:07 pm | Source: Geojit Financial Services Ltd

Market Quote : Market Holds Positive Bias as Core Sector Output Shows Recovery Says Vinod Nair, Head of Research, Geojit Financial Services

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Below the Quote on Market by Vinod Nair, Head of Research, Geojit Financial Services

"Despite a slump in the Q2 growth rate, the market maintained a positive bias as the core sector output in October shows signs of recovery. Slowing earnings growth is already factored in the market and mid & small caps are rebounding. However, investors stay marginally cautious ahead of RBI policy this week due to the risk of a cut in GDP forecast. The current inflation dynamics are not favorable for a rate cut in the short-term and the RBI is likely to turn more realistic on its growth projection for FY25."

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Market Quote : Market Holds Positive Bias as Core Sector Output Shows Recovery Says Vinod Nair, Head of Research, Geojit Financial Services

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