Quote on Market by Vinod Nair, Head of Research, Geojit Investments Limited

2025-06-17 05:29:30 pm | Source: Geojit Investments Ltd

Quote on Market by Vinod Nair, Head of Research, Geojit Investments Limited

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Below the Quote on Market by Vinod Nair, Head of Research, Geojit Investments Limited

"The benchmark equity index experienced moderate losses amid rising risk of an escalation of conflicts in the Middle East ahead of the FOMC meeting. This uncertainty pushed Brent crude prices higher—an unfavourable development for India, given its heavy reliance on oil imports, thereby dampening earnings growth. In the broader market, key sectors such as auto and metals came under selling pressure. Meanwhile, the IT sector witnessed rebalancing, influenced by a strengthening U.S. dollar and anticipation surrounding the Fed’s upcoming interest rate decisions."

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Quote on Market by Vinod Nair, Head of Research, Geojit Investments Limited

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