Market Quote : Crude prices fell over recessionary fears, it will reduce the cost burden of these sectors By Vinod Nair, Geojit Financial
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Quote on Market 06th July 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Softening crude oil prices, FIIs repositioning to net buyers and strong business data from lenders tempered optimism in domestic equities. Crude prices fell over recessionary fears, however, the fall has boosted the appetite for consumption, chemicals, logistics and OMCs as it will reduce the cost burden of these sectors"
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