Market Quote : The domestic indices are moving with caution as investors step up Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 06 June 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic indices are moving with caution as investors step up to a data-loaded week both in the domestic and global markets. However, the expectations are optimistic, like the Indian CPI data is forecasted to moderate and the Fed & BoJ are expected to maintain their policy rates. Other major events on the centre stage are domestic IIP, WPI inflation, and policy announcements from ECB. The market anticipates ECB to increase their rates further while recessionary risk is rising.
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