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Market Quote : A reversal in the FII pattern to net buying has also helped maintain optimism in the domestic market Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 15 February 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The US inflation, though it slowed down compared to the previous month, came in higher than expected at 6.4% YoY. Higher inflation, combined with a strong labour market, has raised concerns that the Fed will remain hawkish for an extended period. Despite a sluggish start in the domestic market, recovery in the IT and auto sectors contributed to a positive finish. A reversal in the FII pattern to net buying has also helped maintain optimism in the domestic market.
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