Market Quote : Global markets have restrained from making significant moves as they await the outcome of the central bankers Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 23 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Global markets have restrained from making significant moves as they await the outcome of the central bankers' gathering at Jackson Hole scheduled for Friday. With the earnings season nearing its end, the heightened possibility of another rate hike in the US, along with the resultant increase in bond yields, are expected to keep the global market’s volatility high. On the domestic front, sentiments remained positive, backed by strong demand in the banking sector, though IT and pharma limited the gains."
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