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Below the Quote on Market 23rd September by Vinod Nair, Head of Research, Geojit Investments Limited

"The domestic equity market traded rangebound and ended flat, indicating continuation of the consolidation. Broader sentiment stayed cautious, with small- and mid-cap stocks lagging the benchmarks. Sector-wise, autos, metals, and financials gained on signs of robust festive demand post-GST cuts, while FMCG and realty stocks came under pressure from profit booking. The rupee hit a record low amid persistent FII outflows, exacerbated by ongoing concerns over US tariffs and a widening trade deficit. Global uncertainties and prospects of a Fed rate cut boosted gold’s safe-haven appeal. On the positive side, 8 core industries’ strong production data underscores the resilience of the domestic economy, supporting optimism around external challenges."

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