Market Quote : Domestic inflation is expected to rise from its 12-month low of 5.7% in December Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 13 February 2023 By Vinod Nair, Head of Research at Geojit Financial Services
In response to rising bond yields and the dollar index, the domestic market is experiencing a broad-based sell-off, with IT and PSBs at the forefront. Clampdown in Adani group is adding anxiety to the domestic market. Domestic inflation is expected to rise from its 12-month low of 5.7% in December, nudged up by higher food inflation, while US inflation is expected to fall further from its December low of 6.5%, alleviating concerns about US rate hikes. However, interest rates are expected to stay high in 2023 and elevated yields will be a discomfort for equity.
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