Market Quote : The broad market seems to be losing momentum due to lack of further traction says Vinod Nair, Head of Research, Geojit Financial Services

25-07-2024 09:23 AM | Source: Geojit Financial Services Ltd

Market Quote : The broad market seems to be losing momentum due to lack of further traction says Vinod Nair, Head of Research, Geojit Financial Services

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

"The budget event has gone by leaving a mixed bias while reshuffling of capital gain tax is only a short-term negative surprise. The broad market seems to be losing momentum due to lack of further traction. The domestic investors are biased but strong government fiscal and growth policy is attractive for FIIs, which will help to hold the ground. The recovery noticed from today's low will be evident only post the monthly expiry tomorrow. At the same time, the ongoing Q1 results, which till date is muted, will decide the near-term trend."

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Market Quote : The broad market seems to be losing momentum due to lack of further traction says Vinod Nair, Head of Research, Geojit Financial Services

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