Equity Market Experiencing Winter Shivers

With an intense cold wave sweeping across most parts of the country, the equity market too seems to be shivering under its spell. This can be assumed from the recent phase of volatility. In the very first 10 days of trading this year we have already witnessed Nifty swinging more than 200 points more than once! The biggest concern for the market remains the inflation trajectory and the US’ Federal Reserve’s direction on interest rate. Every negative news on the economic data front is cheered by market participants expecting that the Federal Reserve will pivot earlier than anticipated.