Market Quote : The market exhibited a rebound after continuous selloff last week says Vinod Nair, Head of Research, Geojit Financial Services

2024-10-28 04:44:04 pm | Source: Geojit Financial Services Ltd.

Market Quote : The market exhibited a rebound after continuous selloff last week says Vinod Nair, Head of Research, Geojit Financial Services

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

"The market exhibited a rebound after continuous selloff last week. Positive results from banks and a slump in oil prices in expectation of an ease in retaliations in the Middle East aided investor sentiment. Stability in the broad-based rally requires more evidence from earnings, which are currently in the doldrums of weak demand and margin pressure. We expect companies with a less leveraged balance sheet and growth prospects to outperform when the market stabilizes."

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Market Quote : The market exhibited a rebound after continuous selloff last week says Vinod Nair, Head of Research, Geojit Financial Services

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