Market Quote : Market Eyes 25,000 Threshold Amid Earnings, Valuations, and Trends says Vinod Nair, Head of Research, Geojit Financial Services
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Below the Daily Market Quote by Vinod Nair, Head of Research at Geojit Financial Services
"The domestic market is attempting to cross above the psychological threshold of 25,000, as subdued Q1FY25 earnings and stretched valuations are curbing the challenge, while positive global trends and sector rotation are supporting the traction. Positive global sentiment driven by expectations of an easing interest rate cycle by the FED and RBI in the medium term, owing to benign inflation, ignited the rally today. As expected, the BoJ raised its interest rate while all eyes are on US FED policy. The weakening dollar is showing signs for a rate cut in September."
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