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Below the Quote on Weekly Market Outlook by Vinod Nair, Head of Research, Geojit Financial Services

We expect the prospects of H2 earnings to remain positive due to a good monsoon, festival and marriage season, which could ease the impact of earnings downgrades that happened in Q2. Investors’ attention also turned to US and Eurozone inflation indicators, which will influence central banks’ December policy rates. Stability in the market will depend on the steadiness of the incoming economic data next week. While the market is likely to witness some repercussions from the fall in Q2 FY25 GDP to 5.4%. On the other hand, investors will be more inclined to act on the upcoming RBI monetary policy. Though the consensus shows status quo, the probability of a rate cut in February is high due to the subdued growth in Q2. Other economic indicators like service and manufacturing PMI data, auto sales, and US job data will also influence investors’ attention and accordingly shape the market momentum."