Market Quote : PMI and trade deficit data witnessed downside pressure on the Indian rupee & equity market Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 04 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Taking positive momentum from the robust US economic data, the domestic market opened with gains, while worries over the US-China conflict kept investors on the defensive, leading to heavy volatility. Weak PMI and trade deficit data witnessed downside pressure on the Indian rupee & equity market. However, sustained foreign interest in Indian equities is led to buying on dips, resulting in a late recovery"
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