Market Quote 19 May 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 19 May 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"The recent earnings reported by the US retailers reflected the heat of high retail inflation, resulting in the rout in Wall Street. Persistent offloading by foreign investors along with mounting fears of an economic slowdown wreaked havoc in the domestic market. In this highly volatile market, investors can focus on sectors like FMCG, Pharma, Capital goods and manufacturing whose valuations are moderate and reasonable on a long term basis"
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