Back To Red!
The last fortnight proved challenging not only for the Indian markets but also for the global markets, with the latest trigger being the release of strong US’ jobs data. The report revealed that the US economy added 2,56,000 jobs in December, significantly surpassing the consensus estimate of 1,55,000. Higher job creation translates to increased incomes, greater purchasing power, and heightened inflationary pressures, thereby reducing the likelihood of an interest rate cut, which worsens the situation for companies and businesses.
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