Market Quote : The market is just recovering from the pandemic, high interest & inflation Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 22 February 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Resurgence of cold war between US & Russia has brought apprehension in the market. Although it should be a short-term effect, the fear of sanctions against Russia and its degree of implication on the economy, especially on food and oil exports, is adding to the anxiety. The market is just recovering from the pandemic, and high interest & inflation are the headwinds in the background. It is presumed that this war will be fought on an economic front, limiting its effect on strong economies like the US & India. Awaiting the release of Fed and RBI minutes are the other major elements that kept investors on the side lines.
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