Market Quote : Despite the support of positive international markets Says Mr. Vinod Nair, Geojit Financial Services

22/08/2023 5:04:23 PM | Source: Geojit Financial Services

Market Quote : Despite the support of positive international markets Says Mr. Vinod Nair, Geojit Financial Services

News By Tags | #2730 #607 #4943 #879 #1014 #59 #6776

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."

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Market Quote : Despite the support of positive international markets Says Mr. Vinod Nair, Geojit Financial Services

Top News

Tag News

More News