Market Quote : The ongoing volatility is expected to be sustained in the near-term Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 30 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services
On the last day of a tumultuous year, domestic indices shed their early gains as negative signals from global peers pushed indices lower. Investors remained concerned over the economic outlook for the new year, underpinned by growing fears of recession. The ongoing volatility is expected to be sustained in the near-term because of high interest rates and a slowing economy. We believe that value buying is the theme of 2023. Fair valuation, steady earnings, and a robust demand scenario will be the cutting parameters.
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