Daily View - June 8, 2020 - Vinod Nair, Head of Research at Geojit Financial Services

"Markets traded volatile today, with the broader indices outperforming the benchmarks. Global cues were also mixed with most European markets trading in the negative. The recent rally, seen globally, was based on expectations of economic recovery, post easing of lockdown measures. In India, the cases continue to rise and the markets seem to be ignoring this, for the time being, giving more priority to the news of the economy opening up. There was a lot of stock specific news which resulted in gains today and this stock specific action is likely to continue."

Source : Equity Bulls

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