Market Quote : Despite the support of positive international markets Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 22 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Despite the support of positive international markets, Indian equities struggled to maintain their upward momentum due to lingering apprehensions over ongoing global uncertainties. Sectors closely tied to the Western economy, such as IT and pharma, faced challenges, while domestic-oriented sectors, alongside mid- and small-caps, exhibited resilience and gained traction. The influence of higher bond yields and concerns about potential rate hikes in the US is prompting FIIs to withdraw funds from the domestic market, contributing to the market's volatility."
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