Market Quote : Consistently unfavourable signs in global markets are encouraging investors Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 16 March 2023 By Vinod Nair, Head of Research at Geojit Financial Services
With the turbulence at Credit Suisse and ahead of the ECB policy announcement, investors' attention has switched to developments in the European market. Consistently unfavourable signs in global markets are encouraging investors to move to safe havens such as the dollar and gold, while FIIs are withdrawing funds from the domestic market in response to the Indian rupee's depreciation. Though the SVB & Credit Suisse crisis has eased, the market lacks the confidence to hold positions on contagion fears.
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