Market Quote : Mid and small-cap stocks underperformed compared to the main indices says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on Market by Vinod Nair, Head of Research, Geojit Financial Services
"Domestic markets experienced a significant decline today, with heightened volatility, followed by Trump's announcement of trade tariffs on neighbouring countries on his inauguration day, adding uncertainty into global markets. The weak recovery in the ongoing Q3 earnings, coupled with a depreciating INR, are likely to prompt further outflows from FIIs. Mid and small-cap stocks underperformed compared to the main indices. The realty sector was hit the hardest due to weak pre-result updates, while banks suffered due to rising asset quality stress. Additionally, the expectation of an interest rate hike by BoJ is dampening market sentiment."
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