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Below the Quote on Market 10th October 2026 by Vinod Nair, Head of Research, Geojit Investments Limited

"Domestic equities staged a relief rally, supported by value buying and short covering after the recent sharp correction. IT stocks outperformed on the back of a strong start to the Q2 earnings season and rising confidence in AI-driven revenue opportunities. Sentiment was aided by easing geopolitical concerns following indications that any potential U.S. military action against Iran is unlikely before the midterm elections, helping crude prices moderate. However, persistent FII outflows and elevated global bond yields continue to temper the recovery outlook. Investors now await domestic CPI data on Monday for further cues on the interest-rate trajectory after the RBI's shift to calibrated tightening. Going forward, actual performance of Q2 which is estimated to be good on a YoY basis will be critical in determining the sustainability of the market rebound."

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