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Published on 3/02/2023 6:01:52 PM | Source: Emkay Wealth Management

Perspective on Market By Dr. Joseph Thomas, Emkay Wealth Management

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Below is Perspective on Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management.

“The equity markets witnessed an extremely high level of volatility all through the week,  on account of external as well as domestic developments. The outcomes of the policy meet of the Fed as well as ECB, and also the selloff in the shares of a major business group added to the selling pressure. The Union Budget which had an overwhelming focus on long term development was broadly welcomed by the markets, but the positive impact did not sustain due to other external factors which triggered selling. The markets will look forward to the RBI policy due next week for indications on likely moderation in the stance, and also with respect to the policy in relation to liquidity management. While some amount of swings on either side are expected in the coming weeks, the markets would ultimately settle at levels dictated by the fundamentals”.   

 

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