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

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

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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."

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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

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