Market Quote : Investors lack of confidence and caution in anticipation Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 26 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Investors' lack of confidence and caution in anticipation of the Fed chair's remarks led to a significant sell-off towards the close of the session. Western markets are trading with cuts as they await clues on further policy actions by the Fed to tame elevated inflation. This is expected to impact demand. On the sectoral front, metals and PSBs led the rally, while IT turned green after continued selling pressure."
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