Quote on Market by Vinod Nair, Head of Research, Geojit Financial Services
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Below the Quote on Market by Vinod Nair, Head of Research, Geojit Financial Services
"After the morning sell-off, the market bounced from the oversold level driven by selective buying in financials, auto and metals stocks. Initial set of results from private banks were positive, building an expectation that the upcoming set of financial results in the weekends will also be optimistic. The metals also performed well, benefiting from a slightly better-than-expected growth in China’s Q3 GDP. Consecutive rate cuts by the ECB supported rate sensitive stocks."
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