Market Quote : The day presented a mixed picture in the market, with sectors such as Realty Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 25 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"The day presented a mixed picture in the market, with sectors such as Realty, Banking, and Consumer Durables performing well while IT and Pharma struggled. Investors were actively repositioning, shifting away from stocks tied to the global economy and focusing on the domestic economy. Concerns loomed over a potential global economic slowdown due to the prolonged period of high interest rates. While the domestic market is witnessing good registration and consumption demand ahead of the festival season, India's entry into JP Morgan's Emerging Markets Government Bond Index is benefiting the financial sector in anticipation of a reduction in funding costs."
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