Market Quote : Rising oil prices and erratic rainfall further led investors to stay cautious in the market Says Mr. Vinod Nair, Geojit Financial Services
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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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