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Market rundown

Published in Investment Friday, 04 August 2017 17:15

 
By 

Vinod Nair, Head of Research, Geojit Financial Services Ltd 

"Market started with a negative bias due to profit booking while later the trend changed with renewed buying on index heavyweights. The pharma sector continued to face US regulatory & pricing pressure which refrained investors to give focus even at the low valuation. On the other hand, investors are watchful of the US employment data later today to take cues on the stability of US market."
 

Anand James, Chief Market Strategist, Geojit Financial Services Ltd.
 
"Yesterday’s profit booking rejuvenated markets, attracting buyers who have been waiting on the sidelines. Retail and consumer goods sector showed signs of recovery, but the pressure of pared earnings after  the GST hassles kept the investors unsure. Tomorrow's GST council meeting to revise rates on agro-services will keep traders interested. Focus could shift to global events, with political uncertainity keeping US equities volatile.”
 
 

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