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Market Quote : While the US market awaits the release of personal consumption expenditures data Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 31 March 2023 By Vinod Nair, Head of Research at Geojit Financial Services
As the financial year drew to a close, the market witnessed an upward trend marked by bullish moves in the banking and IT sectors driven by robust global cues. Notably, an increased interest from foreign institutional investors due to the moderation in Indian stock valuations also aided. While the US market awaits the release of personal consumption expenditures data, which is considered a crucial indicator for forecasting the Federal Reserve's future actions, domestic investors await the RBI MPC meeting scheduled next week.
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