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Market Quote : The market looked for new triggers for a decisive move beyond the 19800 level Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 23 November 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Range-bound momentum continued on main indexes as the market looked for new triggers for a decisive move beyond the 19800 level. However, broad markets’ undercurrent is strong and rapid buying has emerged in the mid- and small-cap counters as bargaining strategy arose on recent underperforming stocks. The declining oil prices and ease in US bond yields are the key positives for a broader recovery for the market. The European market was mixed ahead of the ECB minutes and the release of manufacturing index data."
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