Market Recovery Driven by Positive Global & Domestic Cues: Experts
After three consecutive weeks of losses, the Indian stock market made a strong comeback, closing the week with gains of nearly 2 per cent. The recovery was driven by positive global and domestic cues, which boosted investor confidence and pushed the market indices higher.
Among the key drivers, the global sentiment improved following reports of a delay in US tariffs and the possibility of further negotiations, which helped stabilize financial markets. The US-China trade tensions have been a major concern for investors globally, and any positive development in this regard is welcome news.
Domestic cues also played a significant role in the market recovery. The Indian rupee, which had been under pressure due to global factors and high crude oil prices, staged a comeback, appreciating by 1.5 per cent against the US dollar. A weaker rupee can make imports more expensive and increase inflationary pressures, which can negatively impact the economy.
The Indian economy has been facing challenges in recent times, including a slowdown in growth, high inflation, and a widening current account deficit. However, experts believe that the recent positive developments could be a turning point for the market.
“The market recovery is driven by positive global and domestic cues. The global sentiment has improved, and domestic cues such as the rupee’s appreciation and a stable inflation rate are also contributing to the upmove,” said Ramesh Damani, a well-known market expert.
He added that the market has been oversold in recent times, and the recovery is a natural correction. “The market was due for a correction, and the recent recovery is a sign of a stabilization in the market. We are likely to see a consolidation phase in the coming weeks, and then the market can move higher.”
Another expert, Vinod Nair, the Head of Research at Geojit Financial Services, also echoed similar sentiments. “The market recovery is driven by positive global cues, and domestic factors such as the rupee’s appreciation and a stable inflation rate are also contributing to the upmove. We expect the market to continue its upward trajectory in the coming weeks, driven by positive global and domestic cues.”
The Indian market has been facing challenges in recent times, including a slowdown in growth, high inflation, and a widening current account deficit. However, experts believe that the recent positive developments could be a turning point for the market.
The Indian economy has been facing challenges in recent times, including a slowdown in growth, high inflation, and a widening current account deficit. However, experts believe that the recent positive developments could be a turning point for the market.
The Indian economy has been facing challenges in recent times, including a slowdown in growth, high inflation, and a widening current account deficit. However, experts believe that the recent positive developments could be a turning point for the market.
“The recent positive developments, including a delay in US tariffs and the possibility of further negotiations, could be a turning point for the market. If the global sentiment improves, it can have a positive impact on the Indian market,” said Ramesh Damani.
He added that the market has been oversold in recent times, and the recovery is a natural correction. “The market was due for a correction, and the recent recovery is a sign of a stabilization in the market. We are likely to see a consolidation phase in the coming weeks, and then the market can move higher.”
Another expert, Vinod Nair, the Head of Research at Geojit Financial Services, also echoed similar sentiments. “The market recovery is driven by positive global cues, and domestic factors such as the rupee’s appreciation and a stable inflation rate are also contributing to the upmove. We expect the market to continue its upward trajectory in the coming weeks, driven by positive global and domestic cues.”
The Indian market has been facing challenges in recent times, including a slowdown in growth, high inflation, and a widening current account deficit. However, experts believe that the recent positive developments could be a turning point for the market.
The Indian economy has been facing challenges in recent times, including a slowdown in growth, high inflation, and a widening current account deficit. However, experts believe that the recent positive developments could be a turning point for the market.
“The recent positive developments, including a delay in US tariffs and the possibility of further negotiations, could be a turning point for the market. If the global sentiment improves, it can have a positive impact on the Indian market,” said Ramesh Damani.
He added that the market has been oversold in recent times, and the recovery is a natural correction. “The market was due for a correction, and the recent recovery is a sign of a stabilization in the market. We are likely to see a consolidation phase in the coming weeks, and then the market can move higher.”
Another expert, Vinod Nair, the Head of Research at Geojit Financial Services, also echoed similar sentiments. “The market recovery is driven by positive global cues, and domestic factors such as the rupee’s appreciation and a stable inflation rate are also contributing to the upmove. We expect the market to continue its upward trajectory in the coming weeks, driven by positive global and domestic cues.”
The Indian market has been facing challenges in recent times, including a slowdown in growth, high inflation, and a widening current account deficit. However, experts believe that the recent positive developments could be a turning point for the market.
The Indian economy has been facing challenges in recent times, including a slowdown in growth, high inflation, and a widening current account deficit. However, experts believe that the recent positive developments could be a turning point for the market.
“The recent positive developments, including a delay in US tariffs and the possibility of further negotiations, could be a turning point for the market. If the global sentiment improves, it can have a positive impact on the Indian market,” said Ramesh Damani.
He added that the market has been oversold in recent times, and the recovery is a natural correction. “The market was due for a correction, and the recent recovery is a sign of a stabilization in the market. We are likely to see a consolidation phase in the coming weeks, and then the market can move higher.”
Another expert, Vinod Nair, the Head of Research at Geojit Financial Services, also echoed similar sentiments. “The market recovery is driven by positive global cues, and domestic factors such as the rupee’s appreciation and a stable inflation rate are also contributing to the upmove. We expect the market to continue its upward trajectory in the coming weeks, driven by positive global and domestic cues.”
