Market Quote 07 February 2022 By Vinod Nair, Geojit Financial Services
Below is the daily Market quote 07 February 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"Domestic markets are volatile ahead of the state elections, witnessing a steep fall led by FII selling and weak global cues. US bourses were under pressure as strong US jobs data gave rise to fears of sharper than expected Fed rate hikes, resulting in a spike in the bond yields. The volatility in the market is likely to continue due to high chances of interest rate lift-off by the RBI given domestic inflation and policy tightening by global central banks"
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