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Below Quote Weekly Market Outlook December 2022 By Vinod Nair, Head of Research at Geojit Financial Services

"Although the market started the year on a positive footing, investor sentiments took a blow towards the end of the week following the release of the FOMC meeting minutes, which revealed the Fed officials' are determined to tame inflation by maintaining the aggressive stance. The stock market trend has started to be impacted by the view and in anticipation of the heavy economic data, Fed policy, India Q3 results and Union Budget expectations. In India, actual Dec auto sales data has provided a mixed glimpse as volume growth has come down post the festive season, and pent-up demand is diminishing. On concerns of a global recession, oil prices plunged sharply. While IT and Banking sectors were volatile in expectation of muted earnings. Going ahead, investors will focus on the muted Q3 earnings season along with the release of key macroeconomic data such as inflation. The market is expected to maintain a cautious trend during the month."

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