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Market Quote : Although the opening hours of the domestic market mirrored Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 14 September 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Although the opening hours of the domestic market mirrored the sharp sell-off in the global market, it steadily recovered as investors gained the confidence to bottom fish, thanks to the brighter prospects for the home economy. The expectation that the Fed would become less hawkish, which had spurred the most recent global rally, was dashed by worse than anticipated US inflation figures. Additionally, India’s easing WPI inflation numbers added more optimism with banking stocks leading the recovery, while the IT sector’s performance was bleak due to recession fears in western markets."
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