Market Quote : Bulls got more reasons to celebrate, boosted by favourable macro-economic data Says Mr. Vinod Nair, Geojit Financial Services.
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Below Quote on Market 01 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
Bulls got more reasons to celebrate, boosted by favourable macro-economic data and strong global markets. The Indian economy’s growth of 6.3% in Q2 was in line with the RBI’s forecast, while the manufacturing PMI rose to 55.7 in November. Global investors' concerns were allayed as the Fed chair adopted a dovish stance indicating slower rate hikes in the future.
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