Market Quote : Following the shaky closing of the US markets, domestic markets traded close to the flatline Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 9 February 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Following the shaky closing of the US markets, domestic markets traded close to the flatline as more Fed speakers echoed Powell's aggressive remarks. While FII selling continued to lower investor confidence, significant support from DIIs provided the domestic market a comforting cushion. Investors need to adopt value buying as a strategy. Due to a decrease in valuation near long-term averages, smallcap companies are looking appealing over the long term.
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