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Saturday, July 2, 2022

Market quotes from Drs. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

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“Market volatility has become more complex with uncertain cocktails of good and bad conditions. A positive return on economic activity, a sharp decline in crude profits by 7% overnight, a reassurance of the Fed’s resilience & resumption of FII purchases are obvious. But the second wave of Covid, especially in the Maharashtra economic crisis, rising US securities above 1.7% and continued DII sales are bad. Short-term market direction will be determined by positive or negative factors to determine the trend, going forward. Investors will have to wait and watch. “

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