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Market Quote 28 March 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 28 March 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"The current volatility is due to elevated commodity prices and resultant downgrade of future earnings growth. The price of products have been increasing constantly and is expected to increase further in the future, affecting demand and margin. Uncertainties due to rising covid cases especially in China also added to the weakness. While Indian equities showed resilience and bounced back in green following a positive European market. We can expect an ease in this volatility based the cessation of the war, commodity prices and supply constraints"
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