21-09-2023 05:20 PM | Source: Geojit Financial Services
Market Quote : Rising oil prices and erratic rainfall further led investors to stay cautious in the market Says Mr. Vinod Nair, Geojit Financial Services
Below Quote on Market 21 September 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Domestic market declined following a hawkish stance by the Fed chair and prolonged high interest rate trajectory which is not positive for a slowing global economy. PSU Banks and Mid & Smallcaps were the worst hit due to stretched valuations and concern over moderation in yields. Rising oil prices and erratic rainfall further led investors to stay cautious in the market."
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