Market Quote : Domestic Markets Plunge Amid US Tariff Concerns says Vinod Nair, Head of Research, Geojit Investments Limited

Below the Quote on Market Quote from Vinod Nair, Head of Research, Geojit Investments Limited
"Amid heightened global volatility ahead of the anticipated US reciprocal tariff announcement tomorrow, the domestic market witnessed a significant sell-off today. Investors are eagerly awaiting the specifics of these tariffs while also keeping a close eye on ongoing negotiations for a potential Indo-US trade agreement. The IT sector was among the hardest hit due to its substantial exposure to the US market, and real estate stocks fell following Maharashtra's upward revision of ready reckoner rates, which affect property valuations. Additionally, rising oil prices further dampened market sentiment. Despite the short-term volatility related to tariffs, positive domestic factors such as an expected recovery in earnings growth, potential interest rate cuts by the RBI, and moderation in valuations are likely to provide stability and support for investors.."
Above views are of the author and not of the website kindly read disclaimer










More News

Pre-Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking


