Perspective on the market wrap up for the week By Dr. Joseph Thomas, Emkay Wealth Management
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Below is perspective on the market wrap up for the week by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management.
“After a week of incessant losses, the equity markets saw some buying today, on the last day of the week, with the frontline indexes gaining about 1.28 % . The losses during the week were mainly due to the impact of factors mostly emanating from abroad. The tapering of liquidity by the Fed, the fears of rate hikes in the US occasioned by the retail inflation number rising past the 6 % mark ,and also the continuous exit from the domestic market by the FIIs, were all factors which impacted the markets. The earnings season has been quite satisfactory, but the likelihood of pressure on margins due to inflation, high commodity prices, labour shortages etc. has also been subjects of discussions in the last couple of weeks. While the markets may ultimately trend towards the path guided by fundamentals, the likelihood of enhanced volatility kindled by external factors may continue to be a feature of the markets in the coming weeks too.”
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