Market Quote : Global markets are currently resonating with the US Fed`s pledges of a rate cut in September says Vinod Nair, Head of Research, Geojit Financial Services
Below the Market Quote from Vinod Nair, Head of Research, Geojit Financial Services
"Global markets are currently resonating with the US Fed’s pledges of a rate cut in September. The US & Indian markets have regained the recent highs, reflecting the continuation of this optimism. However, the dollar is strengthening given healthy US GDP growth, strong retail sales and expectation that the upcoming US job claims will be steady leading to shallow rate cuts in the future. Though the domestic market is currently showing a positive bias, the Indian Q1 GDP growth is expected to be moderate, while premium valuation and a lack of fresh triggers could see further momentum buildup in value stocks."
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