21-10-2024 05:50 PM | Source: Geojit Financial Services Ltd
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
"The domestic market displayed considerable volatility, with key indices swinging between negative and positive terrain. PBOC has further reduced interest rates by 25 bps to support its struggling economy. Meanwhile, FIIs continued their strategic buying in China while selling off in India, driven by weaker corporate earnings and valuation concerns. Concurrently, domestic Q2 earnings have been mostly underwhelming, with major private sector banks notably disappointing. However, DIIs have offered some support, mitigating the market’s decline."
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