03-01-2024 05:32 PM | Source: Geojit Financial Services Ltd
Market Quote : The lack of fresh triggers and concerns over valuation influenced investors to stay sidelined Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 03 January 2024 By Vinod Nair, Head of Research at Geojit Financial Services
"The lack of fresh triggers and concerns over valuation influenced investors to stay sidelined. Weak global indicators, like contraction in China & Euro zone manufacturing data, added concerns about global economic recovery in 2024. Importantly, the market was waiting for the FED minutes later today for rate insights. As a rebound in the US 10yr yield and an uptick in the dollar index indicate whether FED may not turn as dovish as expected."
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