Market Quote : Global investors interest in the equity market is weakening due to the slowdown in the economy Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 27 February 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Global investors' interest in the equity market is weakening due to the slowdown in the economy, led by high inflation and contractionary monetary policy. Inflows are being diverted to safe assets, and corporate earnings growth is dropping, affecting the performance of the stock market and demanding downgrade in valuation. The double whammy for India is that it is expensive compared to other EMs, resulting in underperformance among the global market.
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