Market Quote : Positive global sentiment prevailed due to the reduced prospects of a US recession Says Mr. Vinod Nair, Geojit Financial Services
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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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