Market Quote : Fears of a Fed rate hike, coupled with a decline in global equities Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 18 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Concerns regarding inflation and shifts in investor preferences towards safer assets dampened overall market sentiment for domestic equities. Fears of a Fed rate hike, coupled with a decline in global equities, exerted additional downward pressure, specifically on IT stocks. Higher US bond yields and default risk in China are poised to prompt FIIs to adopt a more prudent stance when considering investments in emerging markets.
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