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The market is expected to consolidate further with a positive bias in the coming week, with a focus on corporate earnings, the third phase of Lok Sabha elections, UK's first quarter GDP numbers, and Bank of England's policy meeting, experts said.
In the coming truncated week, the market is expected to be rangebound and volatile given the monthly derivative contracts expiry, and the volume may be a bit low due to couple of holidays, experts said, adding the focus would be on the US GDP numbers.
In the absence of structural imbalances among households and companies, a US economic 'soft landing' remains base case scenario for DBS Bank, says Hou Wey Fook
Gold stands as an established asset class, demonstrating its ability to safeguard its value during periods of economic distress and market uncertainty.
The biggest immunity shot for FPIs in the week gone by was a dovish US Federal Reserve as the central bank guided for interest rate cuts in 2024 after tightening them for more than a year.