Shillong, September 14: Vinod Nair, Head of Research at Geojit Financial Services, observed that the market traded in a range-bound manner following a recent high, influenced by higher-than-expected US inflation and anticipation of hawkish ECB policy meetings.
As per IANS, he also noted concerns about valuations and inflation, driven by rising oil prices, which could lead to a consolidation phase in the near future. S. Ranganathan, Head of Research at LKP Securities, highlighted the positive performance of banks, autos, and realty stocks as the festive season approached.
Additionally, there was notable activity in various sectors, including increased interest in sugar stocks due to reports of reduced production in Maharashtra due to deficient rains. Positive data across key metrics in August kept investors engaged.
