Market Quote 06 January 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 06 January 2022 by Vinod Nair, Head of Research at Geojit Financial Services
"Following a sharp fall in western markets, the domestic market witnessed a gap-down opening and extended its losses led by selling in IT, realty and oil & gas shares. Global markets were wounded by heavy selling as Fed meeting minutes pointed to a faster than expected policy rate hike considering elevated US inflation levels. Investors are also watching the fast spread of covid cases and stricter restrictions being imposed as it would keep the market highly volatile in the coming days"
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