Quote on Market 16th January 2026 from Vinod Nair, Head of Research, Geojit Investments Limited
Below the Quote on Market 16th January 2026 from Vinod Nair, Head of Research, Geojit Investments Limited
"The equity markets witnessed positive momentum during the session, driven by better Q3 results from IT and mid-segment banking stocks. However, profit booking towards the close capped the rally, resulting only in marginal gains for the market. The IT sector outperformed, supported by an upward revision in revenue growth projections from a leading industry bellwether, coupled with expectations of increased technology spending. Meanwhile, investor focus also shifted to banking counters, as early results reflected notable improvements in asset quality and margin profiles, further strengthening sentiment in the sector."
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