Market Quote : The broader market exhibited a mixed response due to valuation corrections in sectors such as PSUs and banking & financials By Vinod Nair ,Geojit Financial Services

2024-10-24 04:32:46 pm | Source: Geojit Financial Services Ltd

Market Quote : The broader market exhibited a mixed response due to valuation corrections in sectors such as PSUs and banking & financials By Vinod Nair ,Geojit Financial Services

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

Despite persistent selloffs by FIIs, the benchmark indices recorded only a minor loss, as India’s October PMI data continued to indicate healthy growth, which also supports the RBI's growth guidelines for FY25. The broader market exhibited a mixed response due to valuation corrections in sectors such as PSUs and banking & financials. Meanwhile, the FMCG sector faced declines attributed to delayed demand recovery and margin pressures.

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Market Quote : The broader market exhibited a mixed response due to valuation corrections in sectors such as PSUs and banking & financials By Vinod Nair ,Geojit Financial Services

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