Watch Out! Big Guys At Play

With the US Federal Reserve deciding to maintain status quo on its policy rates and continue its accommodative stance at its meeting held in the third week of June, institutional investors across the globe heaved a sigh of relief. The community was anticipating some changes in the Fed commentary, from dovish to hawkish, but that didn’t happen, at least entirely. Though the US central bank said it has advanced to 2023 the deadline to revise the prevailing low interest rates to 0-0.25 per cent. According to market experts, there is enough time to reach the deadline and till then the party will continue for the big investors. The liquidity provided by these investors will continue to drive the equities for some more time. However, their approach will be more cautious going ahead. As long as the low interest regime continues in the global economy and the deluge of liquidity continues...