IGI Logo

Below is quote on Morning market 04 March 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Reinforcing the coming slowdown in the US economy indicated  by the inverted yield curve, the US non-farm payrolls came below estimates. This will weigh on global growth this year already impacted by the commodity price hike caused by the war in Ukraine. India's GDP growth will be lower and inflation higher for FY23 than projected before the war.

Segments not impacted by the growth slowdown and higher inflation like IT, telecom, oil and gas producers and attractively valued financials are likely to find favour with investors in the near term. The market will be keenly watching the Q4 results and guidance of IT companies expected starting next week. FMCG, cement and autos are likely to experience marging pressure from higher input costs"

Above views are of the author and not of the website kindly read disclaimer