Quote on Morning market 06 June 2022 By Dr. V K Vijayakumar, Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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."
Above views are of the author and not of the website kindly read disclaimer
Top News
Highlights of Interim Budget 2024-25
Tag News
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
More News
Market Wrap Up : Nifty snapped its winning streak; slipped below 18700 Says Mr. Osho Krishan...
