Geojit Financial Services Ltd

💼 Globally, markets will be looking forward to the FOMC outcome on Wednesday. 💼 Markets have already discounted a 25bp rate cut, and, therefore, the focus will be on the Fed chief’s commentary. 💼 Any departure from a dovish commentary will be a negative from the market perspective, though this is only a remote possibility. 💼 The US services PMI coming strong at 58.5% indicates a resilient economy, which augurs well for the market. 💼 The sharp spike in India’s trade deficit to $37.8 billion in November will put pressure on the rupee, pushing it towards 85 to the dollar. 💼 Exporters like IT and pharma will benefit from the depreciating rupee, while for importers, the import cost will increase, impacting their stock prices. . . . #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets