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Below Quote On Morning Market 29 August 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"August has been weak for global equity markets. In the mother market of the US, S&P 500 is down by 4% so far in August. This weakness has impacted all other markets including the Indian market where Nifty is down by around 2% so far in August. The global economic scenario and the growth, inflation and interest rate  trends in the US will continue to determine stock market trends globally. The Fed chief Powell’s candid remark at Jackson Hole that “we are navigating by the stars under cloudy skies” is an indicator of the uncertainty surrounding the global economy and markets. However, the Powell commentary was neutral without any market-moving hawkish or dovish tones.
The high US bond yields and the dollar index above 104 are near-term negatives for capital flows to emerging markets like India.
The market will be keenly watching for signals from the RIL AGM today."

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