Market Quote : IT stocks were in focus as investors anticipated a slowdown in US inflation Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 14 February 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Domestic indices edged higher, inspired by their global counterparts, as investors await the US inflation numbers today. The whammy over India’s retail inflation breaching the RBI’s tolerance level was cooled by WPI inflation easing to 4.73% in January. IT stocks were in focus as investors anticipated a slowdown in US inflation, which could result in favourable Fed policy.
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