There are strong headwinds, both globally and domestically, that can impact the market in the near-term, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Global headwinds are from the rising dollar index at 103.23 and spiking U.S. bond yields, he said.
Consequently, FIIs are selling, taking their cash market sell figure in August, till 15th, to Rs 9,867 crore.
Domestically, the major headwind is the rising inflation, he said.
July CPI inflation has ...
Indian markets face strong headwinds
Quote On Morning Market 16 August 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"There are strong headwinds, both globally and domestically, that can impact the market in the near-term. Global headwinds are from the rising dollar index ( 103.23) and spiking U.S. bond yields ( 10-year yield 4.21%). Consequently FIIs are selling, taking their cash market sell figure in August, till 15th, to Rs 9867 crores. Domestically, the major headwin...
Morning Market Quote : There are strong headwinds, both globally and domestically, that can impact the market in the near-term Says Dr. V K Vijayakumar, Geojit Financial Services
