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Below is quote on Morning Market From 22 April 2022 Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"This excessively volatile market without any clear direction is being influenced on a daily basis by two factors- one, external and two, internal. The external factor is the erratic movement in the mother market US where the S&P 500 and Nasdaq go up by around 2 % one day and go down by around 2 % the next day.The internal factor influencing the market is the see-saw tussle between FIIs and DIIs. Both these external and internal factors are erratic now and that's why the market is volatile without any direction.
Yesterday's comment by the Fed chief that a 50 bp rate hike is possible in May' and that ' control of inflation has become absolutely essential' has pushed the 10-year bond yield above 2.9% and consequently impacted equity markets. But this impact, too, is likely to be temporary since the market has already discounted this known hawkishness of the Fed.
What investors should do in this time of high uncertainty is to buy high quality stocks on steep market corrections and wait with patience"

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