Market Quote : market appeared apprehensive ahead of the upcoming Union Budget and Fed meeting next week Says Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 25 January 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Indian equities witnessed significant sell-off as the market appeared apprehensive ahead of the upcoming Union Budget and Fed meeting next week. Sentiments were dampened by persistent FII selling, where funds are being shifted to other EMs as a result of attractive valuations. Furthermore, a weak economic growth outlook that stoked recession fears pulled down global markets."
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