11/08/2022 4:22:16 PM | Source: Geojit Financial Services Ltd
Market Quote : The global market encouraged optimism Says Mr. Vinod Nair, Geojit Financial
Quote on Market 11 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"As softer than expected US inflation data suggested a slower pace of rate hike, the global market encouraged optimism. US CPI inflation smoothened to 8.5% in July as lower energy prices offset increase in food and shelter cost. Domestic investors await the release of India’s inflation data due today, which is expected to show a decline in inflation trend on a MoM basis."
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