Quote on Morning market 23 February 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 23 February 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The major impact of the Ukraine crisis in India is the implications of crude at $97. If crude sustains at around these high levels, inflation in India is sure to go up, forcing the RBI to revise its FY 23 inflation target upwards and signal withdrawal from the accommodative monetary stance. This would be negative from the growth and earnings perspective. Higher crude prices are negative for tyre, paints and FMCG segments. Financials, particularly high quality banks, have valuation comfort. IT is likely to exhibit resilience thanks to good earnings visibility"
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