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Below is Quote On Morning Market 11 April 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The recent down moves and up moves in the US bond yields reflect the market uncertainty regarding the direction of US inflation and the Fed’s potential future responses. Even now there is no clarity on whether the US will tip into recession or not. The latest jobs data indicate increasing labour force participation and unemployment at very low 3.5%, despite the massive tightening by the Fed. The volatility in the bond market is getting reflected in the equity market, too. It remains to be seen whether tomorrow’s US inflation data can indicate a clear emerging trend. The resilience in Nifty is largely due to the sustained buying by the FIIs and the consequent short covering. The ongoing mild rally is likely to be sustained by individual stock performances triggered by Q4 results rather than by sectoral moves.

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