Market Quote : In contrast, the US inflation outlook remains stable, which could influence the upcoming US Fed policy Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 12 December 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Following the recent impressive surge, the Nifty50 has undergone a consolidation phase today due to anticipated elevated November inflation in India, driven by rising food prices, which may potentially delay RBI policy cuts. In contrast, the US inflation outlook remains stable, which could influence the upcoming US Fed policy. The Nifty Mid and Small indices, with robust rallies of 42% and 49% on a YTD basis, now carry a 25% premium to their long-term averages, signalling potential valuation concerns. Though the domestic growth outlook remains strong, the risk of EL-Nino is expected to keep the market under pressure."
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