Market Quote : Positive global sentiment prevailed due to the reduced prospects of a US recession Says Mr. Vinod Nair, Geojit Financial Services
Below Quote on Market 27 July 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The FOMC's decision aligned with market expectations as they implemented a 25bps hike and expressed a data-centric approach for future rate actions. Positive global sentiment prevailed due to the reduced prospects of a US recession. Despite this, the domestic market witnessed sharp corrections led by banks and autos, while pharma stocks performed on a positive start to their earnings season.
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