Market Quote : The current market rally has been largely influenced by consistent FII inflows Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 11 May 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The current market rally has been largely influenced by consistent FII inflows, driven by lower treasury yields and the weakness of the US Dollar. However, the gains in the domestic market were tempered by weak earnings reported by a few heavyweight companies. On the global front, markets remained positive as US inflation eased below 5%, providing reassurance to investors that the Fed's rate hike measures have been effective in managing inflation levels"
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