Market Quote : Positive sentiments from the global markets failed to bolster optimism in the domestic indices Says Mr. Vinod Nair, Geojit Financial Services
Below Quote on Market 22 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services
Positive sentiments from the global markets failed to bolster optimism in the domestic indices. The losses were extended in domestic equities owing to the hawkish comments from the RBI’s MPC minutes, which suggested that a premature pause in rate tightening would be a "costly policy error at this juncture". On the other hand, better-than-expected earnings in the US amid recession fears and strong consumer confidence readings lifted global sentiments.
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