Market Quote : Investor sentiment is on edge as tensions in West Asia continue to drag the market Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 25 October 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Investor sentiment is on edge as tensions in West Asia continue to drag the market. Despite a drop in oil prices and an optimistic view of the progressing Q2 results season, investors took a cautious approach due to the expectation that a higher interest rate scenario would continue slowing future growth. However, a positive strategy is evident on large-cap stocks, amid growing geopolitical worries and valuation concerns in mid- and small-cap stocks, as overall earnings growth is being sustained."
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