Daily market quote from Vinod Nair, Head of Research at Geojit Financial Services
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Below the daily market quote from Vinod Nair, Head of Research at Geojit Financial Services.
"There is a subtle positivity in the Indian market, bucking the weak global trend, aided by positive manufacturing PMI data and optimistic expectation of upcoming Q4 results. Buoyancy of the broad market indicates strength to continue in the short-term. Meanwhile, strong US economic data has apparently cast doubts on the Fed rate cut in June anticipated by the market. Market is focused on the US FED chair’s speech, later today, for more hints. A statement in-line with the last policy is predicted to bring back a respite to the global market."
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