Quote on Morning market 21 February 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 21 February 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"There are strong headwinds for the market arising from Ukraine tensions and monetary tightening by the Fed expected from March onwards. Adding to these headwinds there are concerns specific to India like sustained FII selling and rising crude. Brent crude at around $ 94 a barrel can aggravate inflation in India and depreciating rupee may further prompt FIIs to sell. Retail investor optimism and cash rich DIIs are positives.
Trends of improving earnings growth and fair valuations in segments like financials are supporting the market. Investors may wait till clarity emerges on the Ukraine front. March is likely to be an event filled month with state election results, Fed meet and LIC IPO"
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