Market Quote : The IT index outperformed expectations of a rise in demand in the US economy Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 15 December 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"The buoyancy continued in the market as investors were expecting the clouds over US economic growth to recede by H2CY24 and that the economy would achieve a soft landing aided by normalization in monetary policy. The USD/INR witnessed a steep fall on account of the prospects of interest rates being cut next year. The IT index outperformed expectations of a rise in demand in the US economy"
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