01-01-1970 12:00 AM | Source: Emkay Wealth Management
Quote on Market by Dr. Joseph Thomas, Emkay Wealth Management.
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Below is Quote on Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management.

“The equity market ended the last trading session of the week closing at more or less flat levels, with quite a bit of volatility during the day as also in the preceding days,  which stalled the markets from making any rapid strides. But the most notable performance came from pharma and healthcare which has gone up by more than 2 % today. There has been incessant selling by overseas investors, but the line- up of IPOs, which were received quite well by the markets, helped the markets sustain the positivity. The factors that have been at the core of market activity locally as well as globally have been the recent rise in the pandemic numbers indicating a probable revival in the near future, the Fed stance on monetary policy turning more foggy with higher inflation numbers and better growth numbers, but the Fed till looking for better employment data, and the enhancement of Chinese regulatory oversight mainly on tech, and edutech companies, while a political and military stance against China is gaining ground gradually elsewhere. The relatively more important factor to reckon with would be the Chinese ban on exports of certain commodities by Chinese firms including fertilizers may push up the cost of these products for the rest of the world, and may have consequences for trade and commerce in the near term. Some of these factors may continue to dominate the discussions in the coming weeks too, as the markets reopen for business next week.”

 

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