Perspective on Market By Dr. Joseph Thomas, Emkay Wealth Management
Below Perspective on Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
" The equity market has been holding quite well buoyed by the better than expected national income data, encouraging manufacturing PMI, and finally, a closure to the US debt ceiling discussions. The positive sentiment created by these events may linger on for some more time. However, in the immediate term one should be cognizant of the high probability for exports to slowdown with almost all auto companies reporting a decline in the exports component, and a slowdown in FPI flows if the strength in the US unit endures. "
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