Market Quote by Dr. Joseph Thomas, Emkay Wealth Management
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Below are Views On Market Quote by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
“The equity markets trended lower for the week owing to selling pressure from FIIs. The FIIs have been net sellers to the tune of more than Rs. 20K crores for the month of October. The valuation risks have been one the main concerns for foreign investors, triggered by the downgrading of Indian equity markets from “overweight” to “neutral” by key global brokerages. The valuation risks are specifically coming to the fore now as few sections of the markets expect growth momentum to slow in the wake of sticky inflation.”
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