Quote on Market 22nd September by Vinod Nair, Head of Research, Geojit Investments Limited
Below the Quote on Market 22nd September by Vinod Nair, Head of Research, Geojit Investments Limited
"The domestic market traded on a lower note amid a sharp increase in H-1B visa costs, which weighed on the IT index, while mid- and small-cap stocks saw profit-booking following recent gains. GST rationalisation, a normal monsoon, lower interest rates, and tax incentives are expected to support consumption, narrowing the gap between valuations and growth prospects. Foreign investors are gradually turning buyers, driven by expectations of earnings upgrades in H2FY25, with consumption-focused sectors likely to attract attention and support the market."
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Quote on Market 23rd September by Vinod Nair, Head of Research, Geojit Investments Limited
