Morning Market Quote :The major factor weighing on equity markets is the global economic Says Dr. V K Vijayakumar, Geojit Financial Services
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Quote on Morning Market 03 January 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The major factor weighing on equity markets is the global economic slowdown expected this year. The Chinese PMI data for December at 47 indicates sharp deceleration of the Chinese economy and reinforces the global slowdown theme. Though this is near-term negative for global equity markets, India is likely to shrug off this negative news since India’s economic outperformance is expected to continue. Corrections in the market caused by FII selling and bear hammering may be used to slowly accumulate high quality stocks in banking, capital goods, telecom and construction-related segments. Fixed income assets like debt funds are safe and attractive now."
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