Market Quote : The domestic market is displaying resilience, unaffected by the weaker global peers Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 05 April 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic market is displaying resilience, unaffected by the weaker global peers, thanks to strong banks and NBFCs quarterly numbers and the windfall tax cut. Additionally, the recent US data revealed a softening in the labour market and declining factory orders, increasing the likelihood of a pause in rate hikes by the Federal Reserve. The RBI is expected to announce a 25-basis point rate hike in its policy announcement on Thursday before taking a pause, positive for the market.
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