Market Quote : The domestic market succumbed to profit-booking as heat waves from weak global markets Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 07 July 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic market succumbed to profit-booking as heat waves from weak global markets hit the shore. Global equities declined due to a spike in US bond yields, fuelled by expectations of a prolonged high-interest rate environment following a sharp increase in US private payroll data. Investors are eagerly awaiting the release of key US non-farm payroll and unemployment data today, which will provide further clues on the Fed's policy direction ahead of its July meeting.
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