06-01-2024 03:24 PM | Source: Geojit Financial Services Ltd
Weekly Market Outlook : The week began strong with optimism about future rate cuts, easing global inflation, and softer bond yields Says Vinod Nair, Geojit Financial Services

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Below is on Weekly Market Outlook By Vinod Nair, Head of Research at Geojit Financial Services

 

"The week began strong with optimism about future rate cuts, easing global inflation, and softer bond yields. However, concerns over weak China and Eurozone manufacturing data, along with Red Sea tensions, led to a flat market close. Fed minutes added uncertainty around the delay in the future Fed's rate cut. Amidst global concerns and in anticipation of muted upcoming earnings season, the IT and Auto sectors exhibited weaker performance throughout the week. Conversely, mid, and small-cap segments sustained their rally, buoyed by healthy retail inflows. Notably, the realty sector emerged as the top performer, propelled by expectations of robust demand and healthy housing loan disbursement data announced by banks."

 

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