Perspective on Market by Mr. Jaykrishna Gandhi, Head - Business Development, Institutional Equities, Emkay Global Financial Services
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Below perspective on markets by Mr. Jaykrishna Gandhi, Head - Business Development, Institutional Equities, Emkay Global Financial Services
“The financial markets remained range-bound over the last week. Notably, a significant number of Asian indices are currently hovering near a one-month low. In contrast, the performance of Indian markets has demonstrated remarkable resilience. This is evidenced by the decline of the India VIX from 15.5 levels to below 13, indicating a substantial reduction in volatility expectations.
Additionally, the dollar index has witnessed cautious trading as market participants await the release of upcoming US inflation data later this week, which is anticipated to exert influence on the policy decisions of the Federal Reserve.
FII flows have been erratic this year with ~50% of the days seeing negative flows. The start of the Q3 earnings season, coupled with uncertainty in the Middle East and the recent increase in Russian aggression should dominate the market news flow in the coming weeks.”
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