03-09-2024 06:27 PM | Source: Geojit Financial Services Ltd
Market Quote : Domestic Market Pauses Amid Mixed Global Signals, Fed Rate Cut Expected says Vinod Nair, Head of Research, Geojit Financial Services
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Below the Quote on Market Quote by Vinod Nair, Head of Research, Geojit Financial Services
"Amid mixed global signals and the absence of significant new catalysts, aside from the anticipated Fed rate cut, which is already factored in, the domestic market took a breather. Mild caution emerged due to a recent slowdown in manufacturing activities, which indicates a slowdown in demand. However, predictions of an above-normal monsoon extending through September and accelerated capex by the GoI in the H2FY25 boosted consumption and rural based stocks like FMCG stocks."
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