Market Quote : Consolidation was triggered in the market in anticipation of tighter Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 22 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Consolidation was triggered in the market in anticipation of tighter monetary policy by the FED and worries over a slowdown in global economic activity. The current risk reward is not favouring investors as the Nifty50 is now trading at a premium valuation of 21.5x P/E (1yr fwd basis), above the long-term average. Rising dollar index and higher US10 year bond yield act as the near-term headwinds for the market."
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