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20-09-2024 03:56 PM | Source: Geojit Financial Services Ltd
Market Quote : The Indian market has joined the rally following the 50bps Fed rate cut and super accommodative monetary policy says Vinod Nair, Head of Research, Geojit Financial Services
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Below the Market Quote from Vinod Nair, Head of Research, Geojit Financial Services
"The Indian market has joined the rally following the 50bps Fed rate cut and super accommodative monetary policy. It is expected to bring positivity to the economy and foreign inflows in the short to medium-term as the global economy continues to be robust. Traction is on rate sensitive sectors like Auto & Finance. Conventional sectors like FMCG are also performing well in anticipation of good results led by the dual benefit of demand and reduction in input cost."
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