Market Quote 28 February 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 28 February 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"Aggravated Russia-Ukraine conflict along with fresh sanctions on Russia by global powers weighed on Western markets. Despite opening on a negative tone, domestic indices staged a strong recovery lifted by metal stocks and positive Asian markets. Metal stocks rallied on hopes that curtailing Russian exports would help Indian steelmakers to capture the export market share. Domestic investors are keenly awaiting the release of the Q3 GDP data later today which is forecasted at 6.5% against 8.4% in Q2"
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