IGI Logo

Below is quote on Morning Market From 25 April 2022 Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Globally markets turned weak with the big cut in the mother market US last Friday. Markets are worried about the increasing hawkish messages from the Fed which indicate higher-than-expected rate hikes by the Fed this year. There are concerns that aggressive monetary tightening might even push the US economy into a recession in 2023. These fears are impacting risky assets.

India cannot be immune to a probable global market correction. But India is relatively resilient. Monetary tightening in India would be mild compared to that of the US. There are indications of good recovery in the economy. ICICI Bank's excellent results also reflect the improving asset quality and growing credit demand in the banking sector. Top quality banking stocks are at buyable valuations. Sharp market corrections caused by global factors can be used to buy quality names in a calibrated manner"