2024-10-01 04:56:26 pm | Source: Geojit Financial Services Ltd.
Market Quote : Triggered by the recent stimulus policies by the Chinese central bank, funds are shifting to cheaper Chinese stocks from expensive markets like India says Vinod Nair, Head of Research, Geojit Financial Services
Below the Quote on market from Vinod Nair, Head of Research, Geojit Financial Services
"Triggered by the recent stimulus policies by the Chinese central bank, funds are shifting to cheaper Chinese stocks from expensive markets like India. This, along with the possible increase in interest rates by the BoJ due to recent political changes, may impact the domestic market in the near term. The recent data on the output of the key infrastructure segments and manufacturing activities is showing some fragility. Meanwhile, OPEC’s plans to increase production are resulting in the oil prices falling. Domestically, the market awaits the upcoming RBI's policy meeting and Q2 results to have further insights on market trajectory."
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