Market Quote 06 May 2022 By Vinod Nair, Geojit Financial Services
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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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