Market Quote : Global markets are rallying in anticipation of aggressive US FED rate cuts in 2024 Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 26 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Global markets are rallying in anticipation of aggressive US FED rate cuts in 2024. And Indian equities too are experiencing a surge despite premium valuations driven by reversed FIIs inflows amid global risk-on. However, some exhaustion is noticed in mid & smallcaps after the stretched rally of last 2months. 2024 is forecast to be a sector rotation period. Sectors like consumption, IT, Pharma and export-based stocks should do better."
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