Market Quote 23 May 2022 By S Ranganathan, LKP Securities
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Below is the market quote 23 May 2022 By S Ranganathan, Head of Research, LKP Securities
"Markets gave up all its gains in Afternoon Trade today as it simply could not recover after the Export Tax imposed on Steel products with the Metal Index falling almost 9% to 5200 levels in Morning Trade. The prolonged Russia-Ukraine conflict coupled with its consequences and inflationary pressures weighed heavily in the minds of investors and traders. Prospects of additional market borrowings by the GOI in the wake of the tax cuts on fuel to tame inflation also came to the forefront"
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