2024-08-12 02:13:56 pm | Source: Geojit Financial Services Ltd
Morning Market Quote : Global as well as domestic factors are likely to influence the market this week Says Dr. V K Vijayakumar, Geojit Financial Services
Below the Quote on Morning Market Quote from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"Global as well as domestic factors are likely to influence the market this week. Globally stock markets will be keenly watching the US consumer data and the core CPI numbers which will indicate the strength/ weakness of the US economy. Stability in yen indicates that the fears surrounding the yen carry trade are behind us. Therefore, the likely trends in the US macros and the Fed rate cut expectations are likely to influence markets much more than any other factors.
Domestically, there is the Hindenburg report and its likely fall out. It appears that this “revelation” is unlikely to impact the market meaningfully. The buy on dips strategy which has been working well in this bull run is likely to work again."
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