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Quote on Weekly Market Outlook By Vinod Nair, Head of Research at Geojit Financial Services

"Bulls continued to dominate domestic markets during the week amidst positive global cues. The Fed's 75 basis point rate hike was expected, and their comments dismissing the possibility of a recession and hinting at a slower pace of rate hikes in the upcoming months boosted global sentiment. As a result, the Indian rupee strengthened, potentially attracting foreign funds into the domestic market. On the domestic front, healthy quarterly numbers provided a cushion of relief. However, concerns over the global economic slowdown lingered as global corporate majors continued their trend of downgrading future estimates. Despite weak US GDP data, the global market maintained its strength as the market perceived that aggressive monetary policy will soon come to an end. Domestic investors are now bracing for the RBI's MPC meeting next week, expecting a rate hike by 25-50 basis points"

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