Market Quote : The market inched higher in the second half, driven by positive openings in European markets Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 27 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"The market inched higher in the second half, driven by positive openings in European markets. Concerns about global interest rates and elevated oil prices are being balanced by several domestic factors, such as promising economic growth prospects and the potential for strong earnings, which validate the premium valuation. The FMCG and Pharma sectors outperformed, with investors adopting a defensive approach to navigate global challenges. However, persistent outflows of foreign funds and rising US bond yields are expected to keep the broader indices in bleak terrain, in the near-term."
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