Market Quote : The market witnessed some resistance at higher levels as caution prevails due to the start of the key state elections Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 07 November 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The market witnessed some resistance at higher levels as caution prevails due to the start of the key state elections, and further negative global cues on account of a more than expected fall in Chinese exports, highlighting a continued slowdown in global trade. Despite the extension of supply cuts by Saudi Arabia and Russia, crude oil prices moderated, a positive for India in the midst of geopolitical tension. This, along with the moderation in US bond yields and the positive ongoing earnings season, will support long-term returns.
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