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Market Quote : Volatility has re-emerged as initial Q1 results are below the expectationsy Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 24 July 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Volatility has re-emerged as initial Q1 results are below the expectations. Sector wise setbacks were experienced in IT and FMCG, unveiling weak demand and high input costs. Banks are mixed while Pharma stocks are withholding the volatility in anticipation of a better demand from developed economies, reduction in US pricing issues and expansion in operating margins. Investors are also watchful of the upcoming FOMC meeting, addressing rate hike and quantitative tightening measures, which could have an implication on FIIs inflows.
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