Quote on Morning market 14 February 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 14 February 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Sentiments have turned very negative for the short-term with the heightened tension over the Ukraine crisis. Weakness in global markets is the direct fallout of the Ukraine crisis. Crude at an eight year high is another major macro concern for India. If crude remains at levels of $95 for an extended period of time, the RBI will be forced to revise upwards its 4.5% CPI inflation projection for FY23. Continuation of the accommodative monetary stance too will be difficult. While all these are negatives, diffusion of the Ukraine crisis can trigger a sharp rebound in markets led by large-cap bluechips"
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