Weekly Market Outlook : The Indian market initially continued its upward trend as concerns over election outcomes eased and global sentiment improved says Vinod Nair, Geojit Financial Services
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Below the Quote on Weekly market outlook from Vinod Nair, Head of Research at Geojit Financial Services
"The Indian market initially continued its upward trend as concerns over election outcomes eased and global sentiment improved. With a coalition government in place, there is optimism that the upcoming budget will strike a balance between growth initiatives and populist measures. Additionally, expectations are high for government actions aimed at stimulating consumption, a critical area to focus on. Strong institutional inflows, including renewed interest from FIIs post-government formation, have further bolstered market sentiment. However, profit booking emerged on concerns about the slow progress of the monsoon. Moreover, heatwaves in northern India remain a key concern.
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