Quote on Market by Abhishek Banerjee, smallcase Manager and Founder at Lotusdew
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Below the Quote on Market by Abhishek Banerjee, smallcase Manager and Founder at Lotusdew
Nifty at all-time high, Sensex up 470 points
“US is anticipated to cut which will weaken USD and this is not good for IT services as a stronger dollar means more rupee revenue at same rupee costs. The recent upswing suggest that Fed may delay or at best pause the cut trajectory. That said, post-election stability in ministry allocation only means status quo of policy stability which is great for markets in general.”
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