Quote on Market 05th Aug 2025 by Vinod Nair, Head of Research, Geojit Investments Limited
Below the Quote on Market 05th Aug 2025 by Vinod Nair, Head of Research, Geojit Investments Limited
"Despite positive global cues, domestic markets remained rangebound in negative territory. Oil & gas stocks led the decline amid concerns about future import restrictions on Russian oil. Weakness persisted on Pharma and IT stocks which are among the largest exporters to the US. Sentiment was also weighed by INR depreciation. In contrast, auto stocks continue to gain traction from July volumes. Investors are now awaiting the upcoming RBI policy decision, where market has marginal expectations of a rate cut, in the near-term. Currently, the preferences of investors are for domestic consumption-driven stocks and sectors holding limited volatility to external factors."
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