08-11-2024 04:04 PM | Source: Geojit Financial Services Ltd
Market Quote : Market Consolidation Continues as Investors Cautious on Earnings Says Vinod Nair, Head of Research, Geojit Financial Services
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Below the Quote On Market by Vinod Nair, Head of Research, Geojit Financial Services
"Consolidation continued in the market as investors stayed cautious due to disappointment in earnings and the flight of FIIs. The US FED continued its rate-cutting cycle to stimulate the economy and is expecting a similar 25-bps rate cut in December policy meet amid moderation in inflation. While inflation in India is estimated to increase in October and the strengthening USD would reinforce RBI to hold the rate in the near-term."
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