Market Quote : The domestic CPI which is anticipated to continue the trend Says Mr. Vinod Nair, Geojit Financial Services.
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Quote on Market 14 November 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Although there were favourable domestic indicators, the market was under pressure due to weakness in the US and other Asian markets. India's wholesale inflation dropped below forecasts, aided by a slowdown in the prices of manufactured goods and fuel & electricity. The domestic CPI, which is anticipated to continue the trend, will boost confidence in the Indian market as it will lessen the risk indicators for the RBI to maintain its hawkish stance"
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