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Market Quote : The recent uptick in crude prices prompted investors to book profits Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 20 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"The domestic market saw a sharp and abrupt sell-off in the second half, despite the positive trend in global peers. This is attributable to profit booking from the recent sharp rally stretching valuations of mid- and small-cap stocks. The recent uptick in crude prices prompted investors to book profits. Most of the sectors witnessed decline, with the least fall in FMCG, banking, and IT"
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