22-11-2023 04:05 PM | Source: Geojit Financial Services Ltd
Market Quote : Despite FED adopting a cautious stance in its minutes and refraining from indicating a rate cut Says Mr. Vinod Nair, Geojit Financial Services
Below Quote on Market 22 November 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Despite FED adopting a cautious stance in its minutes and refraining from indicating a rate cut, the market recovered from the day’s correction and ended with mild gain. On the other hand, the broad market witnessed some profit booking as investors' focus shifted to the primary market, marked by a set of IPOs scheduled for this week. However, the undercurrent is positive, with a cooling of inflation and an easing US bond yield supporting a short- to medium-term rally."
Above views are of the author and not of the website kindly read disclaimer
Latest News
MCX Crude oil May future is expected to hold support...
RBI Governor discusses ways to scale up UPI ecosyste...
MCX Gold is likely to trade with sideways to positiv...
US automotive firm BorgWarner launches R&D centre in...
Sell JPYINR May @ 54.2 SL 54.4 TGT 54-53.8 - Kedia A...
India playing an important role in advanced manufact...
The foreign fund outflows and higher crude oil price...
GBP/USD saw a slight decline on Tuesday ahead of the...
India inflation likely slipped in April: Reuters poll
Daily Commodity Market Outlook 09.05.2024 by Mr. An...