Market Quote 16 May 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 16 May 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"Continued selling by FIIs as they chase high yield US bonds restricts the Indian market to hold on to its pull-back rally, despite interest from the domestic investors. Weakness in global equities along with the unfavourable global cues led to heavy selling towards the closing hours, as the investors lacked confidence to take forward their positions. The investors are currently on a risk deleveraging phase, hunting for safe-haven investments"
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