Market Quote 10 May 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 10 May 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"The resistance of Indian market has started to move in tandem with the world market. The support from DII & retail investors is reducing after the heavy selloff unsteadying their optimism. A fall in financial liquidity is expected to slow down the economy and the pricing of equities. Oil prices are declining further on worries of Chinese lockdown, rising dollar and risk of recession. Metal stocks are losing its shine as the sector’s outlook is turning negative due to persisting margin pressures"
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