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Market Quote : Reduction in FIIs selling rebound sectors like bank and IT shares today Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 05 October 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"The positive signal from the PMI data and the correction in the crude price boosted the market sentiment. Reduction in FIIs selling rebound sectors like bank and IT shares today. While regarding RBI policy, positively, the market expects the interest rate to be hold-on as external demand outlook indicates muted trend fearing disinflationary trend in the future."
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