Market Quote : Global indices edged higher as investors reassessed the outlook for monetary policy Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 10 September 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Domestic bourses kicked off the trading session on a strong footing, backed by positive sentiments across global markets. However, it succumbed to profit booking after surpassing the psychological 60,000 mark. Global indices edged higher as investors reassessed the outlook for monetary policy following ultra-hawkish remarks from the Fed chair and 75bps rate hikes by ECB. Banking and consumer-facing stocks continued to be top picks in the domestic market."
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