Market Quote : A rebound in the global market after a significant correction prompted buying in domestic equities Says Mr. Vinod Nair, Geojit Financial Services
Below Quote on Market 21 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
A rebound in the global market after a significant correction prompted buying in domestic equities, particularly within the IT sector. However, the potential for volatility to linger in the near term remains due to the increasing dollar index and elevated US bond yields, fuelled by concerns about rate hikes. Investors are keenly observing the commentary from the Fed chair during its forthcoming summer conference for interest rate insights. Meanwhile, Asian markets displayed a mixed performance, reacting to the smaller-than-anticipated rate cut initiated by the Chinese central bank.
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