Market Quote : The sustained flow of better-than-expected domestic macro-economic data Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 13 June 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The sustained flow of better-than-expected domestic macro-economic data kept the market mood afloat, with the Nifty midcap trading to all-time highs. The domestic CPI data moderated closer to the RBI’s target due to tone-down in food inflation and a favourable base, which increased the likelihood of a rate cut by the end of the year. Attention now turns to the release of US inflation data and the upcoming FOMC announcement, where the view is optimistic on keeping rates on hold.
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