Morning Market Quote : The upcoming MPC decision and more importantly the RBI`s message will be keenly awaited by the marketSays Dr. V K Vijayakumar, Geojit Financial Services
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Quote on Morning Market 05 December 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The better-than- expected US job numbers in November were surprisingly ignored by the market with the S&P 500 ending flat. This message from the market indicates that the Fed is unlikely to reverse its well telegraphed slower pace of tightening. The market doesn’t see the terminal rate going above 5%. In India there are signals that this is a market trending higher, in spite of the high valuations. The upcoming MPC decision and more importantly the RBI’s message will be keenly awaited by the market. The mid and small cap rally is likely to gather momentum."
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