Market Quote : Fears over aggressive rate hikes resurfaced ahead Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 04 January 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic market affected by the worries in the global market, traded with deep cuts. Fears over aggressive rate hikes resurfaced ahead of the release of Fed meeting minutes, a meeting that left the door open for additional hikes. Apart from global cues, the domestic market will pay close attention to corporate earnings. India’s services PMI expanded to 58.5 in December owing to stronger growth in new business.
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