Market Quote : The domestic market experienced a downturn, influenced by a mixed global trend and partial profit-booking says Vinod Nair, Head of Research, Geojit Financial Services

2024-10-15 05:17:07 pm | Source: Geojit Financial Services Ltd.

Market Quote : The domestic market experienced a downturn, influenced by a mixed global trend and partial profit-booking says Vinod Nair, Head of Research, Geojit Financial Services

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

"The domestic market experienced a downturn, influenced by a mixed global trend and partial profit-booking. Although declining crude prices are beneficial for the domestic economy, they signal weakening global demand. Additionally, India’s CPI surged driven by food prices, which will delay expected rate cuts. Furthermore, subdued corporate Q2 results are leading to a cautious stance."

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