Market Quote : The current volatility might persist for a while.Investors Says Mr. Vinod Nair, Geojit Financial
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Below Quote on Market 16 September 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"A rise in the US 10-year bond yield and a strong dollar index influenced FIIs to flee emerging markets. A fall in liquidity in the banking system, a weak currency and a current premium valuation have set the market outlook bearish for the near term. With aggressive monetary policy action by central banks, the global growth engines are in a slowdown mode, whereas India is currently in a better position with a pickup in credit growth and an uptick in tax collection. The current volatility might persist for a while.Investors are advised to wait and watch until the dust settles"
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