Below is the daily Market quote 26th November 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Triggered by the new covid variant in South Africa, domestic markets plummeted into negative territory following weak global peers. Existing inflation fears coupled with worries of an aggressive policy tightening by the US Fed Reserve also added to today’s catastrophic session. On the domestic front, broad-based sell off was witnessed as investors dumped covid-sensitive stocks while focus was shifted towards the pharma sector amid growing concerns over the new variant with higher mutations"
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