Market Quote : Markets has kept Indian equities highly volatile Says Mr. Vinod Nair, Geojit Financial Services
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Below is on Market Quote 21 April 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Mounting uncertainty in both global and domestic markets has kept Indian equities highly volatile. Weak signals of a softening job market and declining manufacturing activity in the US have raised fears of a possible recession. Despite the RBI MPC’s unanimous decision to pause rates, its minutes revealed that its members continue to hold concerns about high inflation. However, the market received some support towards the closing bell from the IT and FMCG sectors, facilitating its recovery.
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