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Below the on markets. perspective of Dr. Joseph Thomas, Head of Research, Emkay Wealth Management

“After a drastic fall in the indexes over the last few trading sessions, the major indexes rose by more than 1% in the last trading day of the week today. The fall was caused by the fall in the US markets and the aggravation of the Middle East conflict. There are strong indication that the US rates may move up further owing to the elevated inflation levels. The movements in the US markets and the geo political developments will continue to hold sway over the markets in the coming days too. The domestic economy is afforded some protection  by the robust economic growth and the strong fundamentals. Another factor that adds to the positivity is the likelihood of domestic interest rates remaining stable for a longer time after the recent spike in money market yields.”

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