Market Quote : The market today is a downgrade in the corporate earnings forecast Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 19 April 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The dark clouds of weak Q4 numbers are haunting the domestic market leading to a consecutive third fall in the week. IT stocks continued their selling spree ahead of the release of earnings from other tech majors. Tepid cues from the global peers are also creating havoc as the market prices in the possibility of another rate hike by the Fed. The biggest risk for the market today is a downgrade in the corporate earnings forecast.
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