04-11-2023 05:07 PM | Source: Geojit Financial Services
Market Quote : The domestic equity indices showed resilience and remained in positive territory Says Vinod Nair, Geojit Financial Services
News By Tags | #2730 #607 #4943 #879 #1014 #59 #6776

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Below is on Market Quote 11 April 2023 By Vinod Nair, Head of Research at Geojit Financial Services

The domestic equity indices showed resilience and remained in positive territory, primarily led by banking and auto stocks on the expectation of strong quarterly earnings following robust business updates. The forthcoming CPI inflation data due on Wednesday is expected to remain below the RBI’s upper tolerance level of 6%. Meanwhile, in the United States, inflation is projected to decline further from its current level of 6%. The US inflation figures, along with the FOMC meeting minutes, are likely to exert a dominant influence on the global market trend.

 

Above views are of the author and not of the website kindly read disclaimer