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Quote On US Inflation Data By Devang Mehta, Head - Equity Advisory, Centrum Wealth

"The lower than expected inflation print in the US triggered a rally across global equity markets. The US dollar also slumped against   rival currencies while US bond yields fell sharply, as investors cheered the prospects of less hawkish moves by the US Federal reserve. Though too early to predict, but if the global volatility subsides & if the sentiment improves, India will receive a huge share of foreign institutional investments in addition to already strong domestic flows (SIPs close to 13000 Cr every month).

Our markets have been like a silver lining with good macros & micros amidst the global dark clouds of high inflation, interest rates & global recession fears. With 4 C’s namely Corporate profitability, Credit growth, Consumption (discretionary & luxury) & Capex on a northward trajectory, markets will reward investors who keep the faith and are here for the longer haul".

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