Quote on Market 27 December 2022 By Mr. Narendra Solanki, Anand Rathi Shares & Stock Brokers
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Below is quote on Market 27 December 2022 By Mr. Narendra Solanki - Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers.
“Indian markets opened in red following negative Asian market peers with Chinese markets lead losses in Asia-Pacific despite government pledge to stabilize economy and Bank of Japan's surprise increase in 10year yield control band to 0.5% which took the markets by surprise with negative sentiments. During the afternoon session equity benchmarks trimmed some of their losses with both Sensex and Nifty coming off their intraday low points. Losses got cut, as traders took some support with Minister of state for Micro, Small and Medium Enterprises (MSMEs)’s statement that 1.31 crore people were employed in the MSMEs incorporated in the financial year 2021-22 (FY22), up by 16% as against 1.13 crore employees in the MSMEs incorporated in FY21. However, heavy selling at metal, realty and telecom counters kept indices down.”
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