Market Quote : The FIIs` cautious stance ahead of the Union Budget and FOMC meeting Says Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 25 January 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The sharp slump in the Indian market was triggered by an unfavourable research report on Asia’s richest promoter group companies. This is also affecting the banking stocks even though the results of the sector are optimistic due to high group lending, indicating potential risk. PSU banks are the most impacted compared to private banks owing to high exposure. The FIIs' cautious stance ahead of the Union Budget and FOMC meetings also fuelled the collapse.
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