Market Quote : Domestic indices witnessed bouts of volatility amid weakness in global markets Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 19 July 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Domestic indices witnessed bouts of volatility amid weakness in global markets, IT and Pharma sectors. But it was well countered by recovery in banking, auto and metal stocks. Developed markets traded negatively due to slow hiring plans announced by blue chips MNC like Apple Inc. in anticipation of global economic slowdown. However, due to the Indian economy’s strong fundamentals, we believe that the immediate impact of the slowdown in the domestic economy will be milder than of global peers."
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