Market Quote : This was further aggravated by banks losing their grip as PSBs suffered heavy sell-offs Says Mr. Vinod Nair, Geojit Financial Services.
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Below Quote on Market 09 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Today's downfall in the domestic market was sparked by IT stocks extending their losses after warning of a potential slowdown in business on global recession fears. This was further aggravated by banks losing their grip as PSBs suffered heavy sell-offs. However, global bourses were largely positive, although the Fed is expected to raise interest rates by 50 basis points next week."
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