Market Quote 02 May 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 02 May 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"The recent hawkish turn by Fed has made investors extra cautious ahead of the upcoming Fed meeting triggering high volatility in the market. The rising dollar index, FII selling spree and elevated commodity prices further hammered the risk sentiment. On the other hand, domestic numbers like GST collection, auto sales numbers and Manufacturing PMI for the month of April gave a sense of an improving economic outlook"
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