Market Quote : Sentiments in the domestic market improved after the RBI`s decision to keep rates unchanged Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 10 April 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Sentiments in the domestic market improved after the RBI’s decision to keep rates unchanged, coupled with positive revisions in GDP and inflation forecasts. The positive quarterly business updates from auto and real estate firms caused strong movements in their respective sectors, but the overall mood was slightly dampened by solid US job data, which raised fears of further rate hikes by the Fed. The release of inflation data in India and the US, along with the FOMC minutes, have now become crucial in determining the market trend.
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