Market this week still rangebound after touched a january low.Now the situation is that every bounce you will find selling pressure.Market now in rangebound phase.
The Fed Meet:
It’s relevant because it’s the only big trigger, there are some economic data points from the US which are coming through which are important as well. But you could have a situation where starting Monday, global investors will say okay we have sold the markets down quite a bit, everybody is very bearish, but now we focus on the Fed meet and the fact that rate cuts will come, and there might be a little bit of anticipatory buildup before that. It’s a possibility, and not a certainty and 50 basis points as you said won’t excite the market too much because it’s in the price. If however, the Fed in its panning does 75 basis points, you could see some amount of a global respite. But again you saw a big package from the Fed just a few days back this week, and it lasted only one day - that euphoria. So I think investors will be cautious even if they get a bounce before or after the Fed, they will remember the earlier episode of this week and at every rally they might attempt to book profits and say okay we got a bounce up but there is a long road ahead.
It’s relevant because it’s the only big trigger, there are some economic data points from the US which are coming through which are important as well. But you could have a situation where starting Monday, global investors will say okay we have sold the markets down quite a bit, everybody is very bearish, but now we focus on the Fed meet and the fact that rate cuts will come, and there might be a little bit of anticipatory buildup before that. It’s a possibility, and not a certainty and 50 basis points as you said won’t excite the market too much because it’s in the price. If however, the Fed in its panning does 75 basis points, you could see some amount of a global respite. But again you saw a big package from the Fed just a few days back this week, and it lasted only one day - that euphoria. So I think investors will be cautious even if they get a bounce before or after the Fed, they will remember the earlier episode of this week and at every rally they might attempt to book profits and say okay we got a bounce up but there is a long road ahead.
Local news : Local news also impacting .like Low IIP number , inflation was also not good.So such news also impacting.
Hope Indian market doesn't map with global cues.
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