2024-10-17 04:05:18 pm | Source: Geojit Financial Services Ltd
Market Quote : Market Plunges as Auto, Realty, Consumer Durables, Finance Lead Selloff says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Market by Vinod Nair, Head of Research, Geojit Financial Services
"The domestic market experienced significant losses driven by widespread selloffs across various sectors, notably auto, realty, consumer durables and finance. This downturn was attributed to weaker sales forecasts for the festive season, high NPAs and slow credit growth. Weak Q2 result is affecting the market sentiment. Conversely, the IT sector outperformed as a contrary bet and in-line Q2 results."
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