Market Quote : The domestic market tried to rebound mirroring the Asian markets says Vinod Nair, Head of Research, Geojit Financial Services

2024-08-06 05:00:09 pm | Source: Geojit Financial Services Ltd

Market Quote : The domestic market tried to rebound mirroring the Asian markets says Vinod Nair, Head of Research, Geojit Financial Services

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

"The domestic market tried to rebound mirroring the Asian markets. However, momentum was short-lived and closed below the threshold level of 24,000. Investors are watching the appreciating Yen, weak US economic data, and rising geopolitical tensions. They are now exercising caution and shifting towards defensive sectors such as FMCG, IT, and pharma. Nonetheless, the market is looking forward to the decline of crude prices and potential rate cuts by the US Fed & RBI to mitigate the downturn risk."

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Market Quote : The domestic market tried to rebound mirroring the Asian markets says Vinod Nair, Head of Research, Geojit Financial Services

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