Market Quote : The level of pessimism has risen in the stock market leading Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 12 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"The level of pessimism has risen in the stock market leading to a precautionary approach to book profits on a notion that the valuation has extended beyond the rationale. The correction is happening on midcaps while large caps are maintaining their strength. This cautious trend can prevail in the short-term, but the end-game is on the rise of the domestic economy, surprising upside in corporate earnings, and change in domestic investment patterns, which is expected to continue on a long-term basis."
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