00:00between yesterday and today. Yesterday when the markets opened, the CENSEX opened with a gap down
00:06of almost 800 points. Of course, later in the day it did recover, and it did a very smart recovery.
00:13But because of the geopolitical disturbances in West Asia and the bombing of nuclear sites
00:25of Iran by America during the weekend, yesterday was – there was this cloud of gloom in the market.
00:38But today, after the announcement of the U.S. president that there is a ceasefire between these two countries,
00:46Iran and Israel, markets opened with a gap up, and as I'm talking to you, CENSEX is up by 1,100 points.
00:54So, yes, situation can turn and change very fast in today's time. Also, we just heard in the media that
01:04Israeli Prime Minister is going to make an official announcement regarding the ceasefire, so that is
01:11one more positive thing. So, I feel going forward, again, if this situation de-escalate from here,
01:18there is not going to be a spike in the energy prices, and that will save the world from higher inflation.
01:28Now, what it means is that if there is no higher inflation, and inflation is within the range of the central
01:35bankers of the world, then what is expected by the market is that in the time to come, we will have
01:42a few rate cuts in this calendar year, in the U.S. also, in Europe, and also in India. So, yes,
01:51India has already done one percentage point of rate cuts, so that's a positive thing. Going forward,
01:56if the inflation is in control, we will certainly see more rate cuts, and that is making markets very
02:04positive, and the investors positive about the overall economic scenario.
02:09Sir, overalls positive thing is that in India, when March, near nine months?
02:13Well, that's because of this ceasefire. We have seen that there is a huge rally in the market, and
02:22the indices are close to nine months high. In India, do you hope so? Well, it's likely that we are poised
02:34for a new high if the situation de-escalate and our fundamentals keep improving. Thank you.
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