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Below is Perspective on the performance of the equity markets on 26th August by Mr. Mohit Ralhan, CEO at TIW Capital Group

“Sensex has responded positively to a flurry of good news on both the global and domestic front. There was an expectation of an increase in private CAPEX in the second half of FY-23 which increasingly looks like to follow through. The growth in private project implementations has topped 9%. Also, RBI has been quite proactive in controlling inflation and a further deacceleration is expected. On the global front, the imminent risk of a USA-China conflict has subsided and both powers are also looking close to finalizing the audit deal for USA-listed Chinese companies. We are still cautious in the market, given the all-important Powell’s speech at the Jackson Hole today and the market will assess its impact to take further direction.”

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