2024-08-27 05:16:50 pm | Source: Geojit Financial Services Ltd.
"The domestic market witnessed profit-booking near record highs. While the positive expectations regarding a potential rate cut by the Fed in September remain, the recent geopolitical tensions and rising crude oil prices have made investors cautious amid high valuations. IT and financial stocks continued to perform well, whereas FMCG and metal stocks saw declines. Further, the recent shift in FII stance towards the domestic market and the anticipation that the RBI will align with the Fed’s actions are expected to foster a positive outlook in the near term."
Market Quote : The domestic market witnessed profit-booking near record highs says Vinod Nair, Head of Research, Geojit Financial Services
Below the Market Quote from Vinod Nair, Head of Research, Geojit Financial Services
"The domestic market witnessed profit-booking near record highs. While the positive expectations regarding a potential rate cut by the Fed in September remain, the recent geopolitical tensions and rising crude oil prices have made investors cautious amid high valuations. IT and financial stocks continued to perform well, whereas FMCG and metal stocks saw declines. Further, the recent shift in FII stance towards the domestic market and the anticipation that the RBI will align with the Fed’s actions are expected to foster a positive outlook in the near term."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Germany aims to finalise Free Trade Deal with India ...
Seshasayee Paper Q2 net profit falls 21 pc to Rs 22....
Piyush Goyal set to address India`s deeptech ecosystem
Kotak Mahindra Bank`s Q2 net profit dips 2.7 pc to R...
India aims for 350 airports by 2047: Civil Aviation ...
Reliance, Meta announce new Rs 855 crore AI joint ve...
RBI proposes to allow banks to finance corporate acq...
Adani Group`s `energy-to-compute` ecosystem to power...
 Ltd ( 1 ).jpg)
Add Colgate Palmolive (India) Ltd For Target Rs. 2,4...
Broader indices outshine benchmarks this week, 16 sm...
