Market Quote 06 May 2022 By Vinod Nair, Geojit Financial Services
Market Quote 06 May 2022 By Vinod Nair, Geojit Financial Services
"A steep crash in the US stocks as the market evaluated the need for a higher rate hike to tame elevated inflation levels wounded global markets with heavy selling. The Bank of England while raising its interest rates, warned about a possible risk of recession, aggravating investor fears. This period of volatility is the time for smart money to look for opportunities with buy-in-dip as the strategy with a focus on sectors that are expected to be least impacted by inflation & yield rise"
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