Perspective on the markets By Dr. Joseph Thomas, Emkay Wealth Management
Below Perspective on the markets by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
“The equity indexes closed in the red after a day of volatile trading. The PSU Banks and Realty traded higher defying the trend for the day. What that markets would look forward to would be the developments Europe and the statements from leading Fed officials on the future stance of the Fed. Though price pressures have ebbed, the retail inflation numbers are too high for the comfort of the central banks, especially in the US and India. At the same time, the prominent view is that probably inflation has peaked and that central banks might still hike rates but the quantum of hikes would be more moderate. Some signs of sluggishness in growth could set in soon due to the aggressive rate action in the last few months. Markets would focus on the actual numbers to get a sense of the trajectory of inflation and official policy as well.”
Above views are of the author and not of the website kindly read disclaimer
Council of Ministers to meet on September 28, inflation and economy likely to be discussed
Investors await RBI monetary policy in the coming week
Quote on Bank Nifty: On a closing basis on the daily chart, the BANK NIFTY index failed to b...