Quote on Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
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“The markets were on a slippery slope since the start of the week as the reports regarding the expected military action by Russia against Ukraine were pouring in. The impact of geopolitical concerns was reflected in commodity prices, especially oil. The socio-economic impact of rising fuel prices on domestic economy kept the market participants’ sentiments jittery. The markets recovered some of the losses today as the sanctions were not as severe as feared and value buying emerged. For the coming week, the geopolitical developments may be expected to continue to direct investor sentiment and keep the markets volatile; long term investors should utilise this opportunity to add onto the positions in well established businesses.”
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