Weekly Market Outlook from Vinod Nair, Head of Research at Geojit Financial Service
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Below the Quote on Weekly Market Outlook from Vinod Nair, Head of Research at Geojit Financial Service
Despite volatility, DIIs and FIIs flows remained positive as a strong monsoon, and an expectation of an uptick in demand during festive season drove investor sentiment. US inflation eased marginally, and the job market continued to see a cooling off. Indian inflation largely remained steady, while July IIP saw an uptick. The market hit a new high as the rate-cut optimism globally (ECB & US Fed) has provided a positive impetus across the global markets.
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