2025-01-30 09:14:56 am | Source: Geojit Financial Services Ltd
Globally, the stock markets remain strong mainly due to the resilient US economy and the down trending interest rate cycle in the US.
The Fed’s decision to pause yesterday was on expected lines. The Fed chief Powell’s statement yesterday that “the central bank will need to see real progress on inflation or easing of labour conditions before making further adjustments” is a clear message that further cuts will be data-dependent."
Morning Market Quote : The recovery in the market is healthy since it is being led by fairly valued largecaps Says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Below the Quote on Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"The recovery in the market is healthy since it is being led by fairly valued largecaps. The rally can sustain if the Budget comes up with some strong growth stimulating measures that can improve the market sentiments too. However, a sustained rally can happen only if the FII selling stops and we get some leading indicators suggesting growth and earnings recovery.
Globally, the stock markets remain strong mainly due to the resilient US economy and the down trending interest rate cycle in the US.
The Fed’s decision to pause yesterday was on expected lines. The Fed chief Powell’s statement yesterday that “the central bank will need to see real progress on inflation or easing of labour conditions before making further adjustments” is a clear message that further cuts will be data-dependent."
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