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Market Quote : The commentary on the future path will be the crucial factor to influence further direction Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 31 October 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"Modest cautiousness returned post yesterday’s bounce, ahead of the US Fed policy meeting, dragging Asian and Developed markets. The Fed is widely expected to keep rates unchanged, and the commentary on the future path will be the crucial factor to influence further direction. Main indices witnessed marginal losses particularly led by IT stocks, while mid- & small-caps gained due to the recent moderation in valuations and buy-in dip strategy of domestic investors on the hope of pickup in demand in the upcoming festive season."
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