D-Street hits record high as Powell’s dovish tilt gives bulls fresh shot in the arm
“Fed chief Powell’s observation that “it makes sense to moderate the pace of rate hikes” has come as a shot in the arm for the bulls to take the ongoing rally forward. The dip in the dollar index to 105.5 and the US 10-year bond yield declining sharply to 3.63 % are hugely favourable for the continuation of FII inflows,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
