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Published on 24/02/2020 6:44:38 PM | Source: Emkay Global Financial Services Ltd

Views Quote On Market by Mr. S Hariharan

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Below is the Views Quote on market by Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Services

“Headline indices are down around 2% across all market cap categories – suggesting that the broad-based sell-off is largely in response to weakness in sentiment across the region, and spilling over into European trading. Cash market volumes are in line with averages at about Rs40,000 crores. Macro news flow around spread of the coronavirus and its concomitant impact on trade & activity levels have been the strongest driver of daily moves in the last few sessions and would continue to be a major factor. Among large components, Auto sector has been the worst hit over the last 2 weeks, driven primarily by concerns on supply chain disruptions..”  

 

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