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Market Quote : A spike in crude oil reverberated across the globe, reviving concerns about inflation Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 06 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"A spike in crude oil reverberated across the globe, reviving concerns about inflation and sparking fears of a Fed rate hike. This led to a surge in U.S. bond yields, causing investors to shift towards the safety of bonds and reversing the buying trend of foreign investors in the domestic market. Nevertheless, the resilience of the domestic markets shone through as investors placed their bets on an improved outlook, ultimately helping the market recover from the initial shock."
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