Perspective on Market By Dr. Joseph Thomas, Emkay Wealth Management
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Below Perspective on Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
”The equity markets trended higher during the week and made a series of fresh closing all time highs. The continued inflow of FII money and improved sentiments led to buoyancy in domestic equity markets. The healthy results in the ongoing earnings season, value unlocking through HDFC-HDFC Bank merger & Reliance demerger, expectations of inflation peaking out globally and indications of a soft landing in the US were some of the factors providing the backdrop for positive sentiments. Going ahead, over the near term, the ongoing earnings season and FII flows would continue to hold sway over equity markets; some profit booking though cannot be ruled out.”
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