Market Quote : The domestic equity indices showed resilience and remained in positive territory Says Vinod Nair, Geojit Financial Services
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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.
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