Quote on Morning market 23 May 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 23 May 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The 'risk-off, risk-on roller coaster market' is set to continue in the near-term.The rebound in S&P 500 from the bear market territory last Friday may be an indication that the market is unlikely to turn long-term bearish. Macro numbers from the US in the coming days will be keenly watched by the market.
The government's aggressive move on inflation by cutting the excise duties on petrol and diesel and other initiatives to soften the prices of steel will slightly reduce RBI's burden on controlling inflation. Even though this is a positive from the market perspective, the government's additional borrowing and fiscal deficit shooting beyond the budget estimates are areas of concern"
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