Market Quote : Global markets are expected to stay under pressure due to the confluence Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 3 October 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Global markets are expected to stay under pressure due to the confluence of an unfavourable economic outlook and investor risk aversion. Global markets were in pain as economic data forecast to shed lower as indicated by high-frequency indicators in European regions like UK PMI is consequently down below 50 showing contraction in economy. As demand slowed, India's manufacturing PMI declined slightly to 55.1 in September. As a result, all the key sectors were pressured by selling, except pharma & Oil stocks"
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