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Market Quote : Indian Markets today finally chose to mirror global cues Says S Ranganathan, LKP Securities
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Quote on Market 16 September 2022 By S Ranganathan, Head of Research at LKP Securities
"Indian Markets today finally chose to mirror global cues after out-performing global peers in the recent past. Weaker domestic flows for last month despite SIPs maintaining their run rate led to profit taking as all sectoral indices ended in the red. As global investors brace for a further interest rate hike post the US inflation data released recently, the RBI too has its task cut out in India when they meet at the end of this month. Spectacular Monsoon in India coupled with several positive Tailwinds provides a plethora of investment opportunities in the broader markets."
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