Weekly market outlook By Vinod Nair, Geojit Financial
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Below are Views On Weekly market outlook By Vinod Nair, Head of Research at Geojit Financial Services
This week witnessed the domestic market continuing its consolidation phase as the focus of investors was towards increasing covid cases and state-wise restrictions. Increasing restrictions are forcing investors to reconsider the current high valuations due to fall in earnings. On the global front, a possible hike in capital gains tax in the US also took a toll on global equities.
Despite the weak market trend, vaccine drive and lockdown are invoking hopes of economic recovery in the near future. Movement will be stock-specific based on Q4 results and dictated by developments on the covid spread, like falling infection rate
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