Market Quote : Weak signals from the global markets and elevated oil prices Mr. Vinod Nair - Geojit Financial
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Below the market quote from Vinod Nair, Head of Research at Geojit Financial Services.
Weak signals from the global markets and elevated oil prices are challenging the domestic market to maintain its gains. The US IT giants' disappointing quarterly earnings served as the catalyst for selling in the US market. ECB is expected to aggressively increase rates by 75bps. Investors are expecting world central banks to slow down the pace of rate hikes, in the future, which could be positive for India in 2023."
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