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Quote on Morning market 27 October 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"There is a near-term under current of ‘risk-on’ in equity markets globally triggered by expectations that the central banks will start moderating their rate hikes. The cue has come from Canada where their central bank raised rates only by 50 bp against expectations of 75 bp. Markets expect the Fed to moderate rate hikes starting December. Consequently the dollar index has fallen below 110 and the 10-year US bond yield has dipped to 4.03%. This might nudge FPIs to turn buyers imparting strength to the market. Nifty’s recent range of 17500-17800 looks set to be decisively broken on the upper end today. Financials, select autos and capital goods are well set to continue their recent rally. The spike in Brent crude above $95 is a concern."

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