Quote on Morning market 06 June 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 06 June 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The market mood has turned a bit cautious with better than expected US jobs data ( 3.90 lakh jobs) in May. This good economic news is negative from the market perspective since it means the Fed is likely to tighten aggressively without bothering about a possible recession.
For India elevated crude prices and a $23 billion trade deficit in May are areas of concern. Even though FPI selling has come down in early June they are likely to sell more at higher levels. The dollar index above 102 is negative for EM equity. The positive factor for India is the DIIs and retail investors consistently buying the dips."
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