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Quote on Morning market 16 Septembar  2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The market has started showing some indications of fatigue. Globally, the major concern now is that the Fed might oversteer the economy and end up raising  rates too much too fast, pushing the US economy into a sharp recession. There are talks of the terminal Fed rate rising to 4.25%. Sharply rising rates, rising bond yields and rising dollar are negatives for equity. In this challenging environment it would be difficult for India to sustain the decoupling from the global trend which has been a recent pattern in India. Moreover, FIIs have halted their sustained buying and have turned sellers, though this is not yet a trend.

Investors may adopt a wait and watch attitude till the Fed meeting is over on 21st September. Bank Nifty continues to be strong."

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