Quote on Morning market 27 April 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning Market From 27 April 2022 Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The roller coaster ride in markets is set to continue in the near-term. With the 3.95% sell-off yesterday Nasdaq is now 23% down from its record highs and, therefore, can be said to be in bear market territory. But yesterday's fall has more to do with Tesla's 12% crash and therefore a bounce back cannot be ruled out.
The real worry for markets now is a possible sharp global slowdown triggered by the coming aggressive monetary tightening in the US, severe Covid-related lockdowns in China and woes in the Euro Zone caused by the Ukraine war. The dollar index moving above 102 and the US 10-year bond yield dipping to 2.7% reflect this growth slowdown fears.
In India there are clear signs of improvement in business sentiments. Investors can use the sharp dips in markets to buy value stocks like the leading banks"
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