Market Quote : The Asian market too advanced due to an expectation of more aggressive rate cuts by fed next year Says Mr. Vinod Nair, Geojit Financial Services

28-12-2023 04:05 PM | Source: Geojit Financial Services Ltd

Market Quote : The Asian market too advanced due to an expectation of more aggressive rate cuts by fed next year Says Mr. Vinod Nair, Geojit Financial Services

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Below Quote on Market Outlook 28 December 2023 By Vinod Nair, Head of Research at Geojit Financial Services

"The benchmark index maintained its optimism and hit fresh high owing to ease in Red Sea issue and reversal of FII inflows. A decline in crude oil prices below $80 prompted widespread purchasing across oil and energy companies. The Asian market too advanced due to an expectation of more aggressive rate cuts by fed next year. While the global market was largely experiencing consolidation due to valuation concerns"

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Market Quote : The Asian market too advanced due to an expectation of more aggressive rate cuts by fed next year Says Mr. Vinod Nair, Geojit Financial Services

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