Market Quote : Optimism continued as soft US payroll data and expectations of moderation in monetary tightening by the Fed supported the sentiment Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 06 November 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Optimism continued as soft US payroll data and expectations of moderation in monetary tightening by the Fed supported the sentiment. Since most of the headwinds are global in nature, investor sentiment has shifted to domestic-oriented businesses, where festive demand is healthy. So far, the spread of earnings in Q2 has been decent and brings more attention to capital goods, financials, and auto stocks. We expect H2FY24 will also continue the momentum, however, the tailwinds on margins are likely to moderate due to the recent uptick in commodity prices."
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