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Below the Quote on by US Fed rate hike, implications for Indian markets Karma Capital

“The US Federal Reserve’s stance remains relatively hawkish, and we expect one further rate hike in the US and one in India before the end of the year. Monetary policy can address economic and inflationary conditions, but geopolitical uncertainties require diplomatic intervention rather than monetary measures.

From an Indian market perspective, banks are likely to be key beneficiaries and could lead the next leg of the market rally. While higher crude oil prices and related input-cost inflation could exert pressure on corporate margins in the second quarter, robust festive demand should provide support to the broader economy and markets. Overall, we expect equities to retain a modest upward bias despite the challenges posed by crude prices."

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