Quote on Nifty hitting the 25k mark by Mr. Raj Vyas, Vice President - Research, Teji Mandi
Below the Quote on Nifty hitting the 25k mark by Mr. Raj Vyas, Vice President - Research, Teji Mandi
Fed Chair Jerome Powell in the post FOMC meeting conference gave a clear indication about a likely possibility of a rate cut in its September meeting though the decision to cut will be data dependent and not data-point dependent.
Following this, the US-10 year bond yields have fallen by close to 4.03% vs 4.14% earlier and this has resulted to be positive for metal stocks back home as falling bond yields are positive for them.
The event thus had a positive impact on global markets including the Indian market, which touched the psychological 25000 mark on Nifty which is also backed by good quarterly earnings, falling fiscal deficit and cooler inflation.
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