Market Quote : The rise in credit growth to a 10 year high of 17.94% YoY in October added colour to financial stocks Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 21 October 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Selling emerged in the second half led by a weak start to the European market due to the fear of tight monetary policy. Domestic investors maintained their caution and began to book profits in anticipation of the truncated week. Good start to Q2FY23 results by Banks, IT, and FMCG stocks maintained stability in the market but Mid & Small caps were heavily impacted. The rise in credit growth to a 10 year high of 17.94% YoY in October added colour to financial stocks."
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