Below the Quote on Weekly Market Outlook by Vinod Nair, Head of Research, Geojit Financial Services
"The domestic market is in correction terrain; from the recent peak, the main indices, Nifty and Sensex, have corrected around 10%. Weakness in Q2FY25 results and sustained outflow of foreign funds weighed on the sentiment. On the other hand, a spike in domestic CPI inflation to a 14-month high of 6.2%, a firm dollar index, and a rising US 10-year yield signal that t...
Weekly Market Outlook: Domestic Market in Correction Terrain: Nifty, Sensex Down 10% Says Vinod Nair, Head of Research at Geojit Financial Service
Below the Quote On Market by Vinod Nair, Head of Research, Geojit Financial Services
"FII-triggered selling pressure continued to impact the domestic market. The recent strengthening of the dollar, driven by aggressive ‘Trumponomics’ is adding fears. Additionally, the anticipated rise in domestic inflation, due to increasing food prices, along with depreciating INR, may influence the RBI’s monetary policy. Most sectors were in the red, while...
Market Quote : FII-triggered selling pressure continued to impact the domestic market Says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Market from Vinod Nair, Head of Research, Geojit Financial Services
"As expected, India is underperforming its global peers due to excess valuation. The ongoing selloff has deepened by weak Q2 earnings, dampening investor sentiment. Continued volatility is anticipated in the short-term, as attention shifts to the closely contested US presidential election. Additionally, key economic events, such as the US Fed and BoE policy decisions, will be critical...
Market Quote : As expected, India is underperforming its global peers due to excess valuation says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Market by Vinod Nair, Head of Research, Geojit Financial Services
"The domestic market experienced significant losses driven by widespread selloffs across various sectors, notably auto, realty, consumer durables and finance. This downturn was attributed to weaker sales forecasts for the festive season, high NPAs and slow credit growth. Weak Q2 result is affecting the market sentiment. Conversely, the IT sector outperformed as a contrary bet and in-l...
Market Quote : Market Plunges as Auto, Realty, Consumer Durables, Finance Lead Selloff says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Market from Vinod Nair, Head of Research, Geojit Financial Services
"The domestic market experienced a downturn, influenced by a mixed global trend and partial profit-booking. Although declining crude prices are beneficial for the domestic economy, they signal weakening global demand. Additionally, India’s CPI surged driven by food prices, which will delay expected rate cuts. Furthermore, subdued corporate Q2 results are leading to a cautious ...
Market Quote : The domestic market experienced a downturn, influenced by a mixed global trend and partial profit-booking says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Market by Vinod Nair, Head of Research, Geojit Financial Services
"After sessions of corrections, India is getting some support at the level of 25,800 for Nifty50. Good state election result for the ruling party, contrary to the exit polls, has brought some optimism in the domestic market. RBI policy outcome, though no cut is expected, a plausible change in stance to neutral is anticipated. And investors are likely to focus on the upcoming Q2 result...
Market Quote : After sessions of corrections, India is getting some support at the level of 25,800 for Nifty50 says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Market by Vinod Nair, Head of Research, Geojit Financial Services
"After a range-bound trade, the benchmark indices inched higher towards close, led by power and banking stocks, while mid- and small-cap indices experienced corrections driven by valuation concerns. The domestic market may face short-term challenges owing to a decline in FIIs inflow and shift of funds to other emerging markets due to their cheap valuation. Meanwhile, gold, as a safe-h...
Market Quote : Benchmark Indices Inch Higher, Power and Banking Stocks Lead Says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Market Quote by Vinod Nair, Head of Research, Geojit Financial Services
"Amid mixed global signals and the absence of significant new catalysts, aside from the anticipated Fed rate cut, which is already factored in, the domestic market took a breather. Mild caution emerged due to a recent slowdown in manufacturing activities, which indicates a slowdown in demand. However, predictions of an above-normal monsoon extending through September a...
Market Quote : Domestic Market Pauses Amid Mixed Global Signals, Fed Rate Cut Expected says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Markets by Vinod Nair, Head of Research, Geojit Financial Services
"The domestic market tried to rebound mirroring the Asian markets. However, momentum was short-lived and closed below the threshold level of 24,000. Investors are watching the appreciating Yen, weak US economic data, and rising geopolitical tensions. They are now exercising caution and shifting towards defensive sectors such as FMCG, IT, and pharma. Nonetheless, the market is looking forwar...
Market Quote : The domestic market tried to rebound mirroring the Asian markets says Vinod Nair, Head of Research, Geojit Financial Services
