Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services



There are positives and negatives for the market today. The biggest positive is the record Rs 2.11 lakh crores dividend from the RBI to the government, which will give an additional 0.3% of GDP fiscal room for the government. This means the government can reduce its fiscal deficit and step up infrastructure spending. The bond yields have declined sharply reflecting lower borrowing by the government. Decline in bond yields is positive for banking stocks. Brent crude dipping below $82 is positive for India’s macros. The negative for equity markets is the Fed meeting minutes which indicate concern over the stubbornness of inflation. This means that the ‘higher for longer’ rate regime is likely to continue for some time more till clarity emerges on inflation. The rate cut expectations, therefore, further get postponed. A slightly negative signal for global equity markets.