320-x-100_uti_gold.jpg" alt="Advertisement">
Market Quote 04 May 2022 By Vinod Nair, Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below is the daily Market quote 04 May 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"Although the rate hike was anticipated, the sudden announcement of a 40bps increase in repo rate along with a 50bps increase in CRR in response to the rising inflation spooked markets leading to a heavy selloff. Global markets are also trading cautiously ahead of the upcoming Fed meeting, as an increase of more than 50 bps will extend the current consolidation phase"
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Some respite after a weak opening, Nifty reclaims 16400 By Sameet Chavan, Angel One Ltd
