Daily Market Report (04 Oct 2019)
Daily Market Report (04 Oct 2019)

Daily Market Report (04 Oct 2019)

  • We expect interest rates to remain in the forefront again as the Reserve Bank of India is widely expected to cut rates amid the dwindling global economic growth.
  • Meanwhile, many is also anticipating the Federal Reserves to be more aggressive in reducing the Fed rate with the employment figure looking less sanguine following a series of below par economic data in the US.
  • The US 10-year yield is already on a downtrend to 1.53% re-testing the year low of 1.46%. Locally, we expect another dull day for the equity market in the absence of any catalysts with rotational plays on the small/mid cap counters to continue.